Glen Rock, NJ Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Glen Rock, NJ Housing Market Trends

With 11,707 people, 3,776 houses or apartments, and a median cost of homes of $740,885, Glen Rock house prices are not only among the most expensive in New Jersey, Glen Rock real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Glen Rock, accounting for 93.33% of the borough's housing units. Other types of housing that are prevalent in Glen Rock include large apartment complexes or high rise apartments ( 2.67%), duplexes, homes converted to apartments or other small apartment buildings ( 2.10%), and a few row houses and other attached homes ( 1.90%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glen Rock. Owner-occupied housing accounts for 94.36% of Glen Rock's homes, and 80.62% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Glen Rock's housing was primarily built during this period, from the '40s through the '60s. A full 53.97% of the borough's housing hails from this era. Other housing ages represented in Glen Rock include homes built before 1939 ( 30.13%) and housing constructed between 1970-1999 ( 11.33%). There's also some housing in Glen Rock built between 2000 and later ( 4.56%).

Glen Rock Home Appreciation Rates

Glen Rock's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Glen Rock during the period has been just 2.75%, which is lower than 70% of US communities.

Over the last year, Glen Rock appreciation rates have trailed the rest of the nation. In the last twelve months, Glen Rock's appreciation rate has been 7.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glen Rock were at 3.15%, which equates to an annual appreciation rate of 13.19%.

Relative to New Jersey, our data show that Glen Rock's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$740,885

Glen Rock, NJ HOME PRICES

> $1,152,000
5.8%
5.8%
$864,001 - $1,152,000
22.7%
22.7%
$576,001 - $864,000
52.2%
52.2%
$461,001 - $576,000
12.1%
12.1%
$345,001 - $461,000
3.6%
3.6%
$231,001 - $345,000
1.0%
1.0%
$115,001 - $231,000
1.4%
1.4%
$58,001 - $115,000
0.4%
0.4%
$0 - $58,000
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NJ

Value Relative To Nation

Number Of Homes And Apartments:
3,776

Glen Rock Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
99.82% 3.27%
7
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,205 / per month

Homeownership Rate

Owners
94.4%
94.4%
Renters
5.6%
5.6%
Vacant
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.6%
4.6%
1970 - 1999
11.3%
11.3%
1940 - 1969
54.0%
54.0%
1939 or Older
30.1%
30.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
93.3%
93.3%
Townhomes
1.9%
1.9%
Small Apt. Buildings
2.1%
2.1%
Apt. Complexes
2.7%
2.7%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
1.7%
1.7%
2 Bedrooms
6.6%
6.6%
3 Bedrooms
44.0%
44.0%
4 Bedrooms
36.6%
36.6%
5 or more bedrooms
11.1%
11.1%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Glen Rock

Zip Codes in Glen Rock, NJ