New Jersey
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






New Jersey Real Estate Market & Appreciation

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 Q4 2020. 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

Average Home Values

Median Home Value:
$377,983

Number Of Homes And Apartments:
3,231,874

New Jersey Home Prices

> $1,138,510
3.1%
3.1%
$853,976 - $1,138,510
4.4%
4.4%
$569,252 - $853,975
13.6%
13.6%
$455,344 - $569,251
12.5%
12.5%
$341,546 - $455,343
20.9%
20.9%
$227,801 - $341,545
23.5%
23.5%
$113,889 - $227,800
16.1%
16.1%
$56,980 - $113,888
3.5%
3.5%
$0 - $56,979
2.4%
2.4%
0.0% 100.0%
% OF HOMES

New Jersey Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q3 - 2020 Q4
2.08% 8.60%
7
Last 12 Months:
2019 Q4 - 2020 Q4
5.57% 5.57%
5
Last 2 Years:
2018 Q4 - 2020 Q4
10.46% 5.10%
4
Last 5 Years:
2015 Q4 - 2020 Q4
19.72% 3.67%
3
Last 10 Years:
2010 Q4 - 2020 Q4
18.54% 1.72%
1
Since 2000:
2000 Q1 - 2020 Q4
105.49% 3.53%
6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$2,291 / per month

Homeownership Rate

Owners
62.6%
62.6%
Renters
37.4%
37.4%
Vacant
10.6%
10.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
12.3%
12.3%
1970 - 1999
34.0%
34.0%
1940 - 1969
35.4%
35.4%
1939 or Older
18.3%
18.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
53.5%
53.5%
Townhomes
9.6%
9.6%
Small Apt. Buildings
15.4%
15.4%
Apt. Complexes
20.5%
20.5%
Mobile Homes
0.9%
0.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.6%
2.6%
1 Bedroom
13.9%
13.9%
2 Bedrooms
25.9%
25.9%
3 Bedrooms
32.5%
32.5%
4 Bedrooms
19.5%
19.5%
5 or more bedrooms
5.6%
5.6%
0.0% 100.0%
% OF HOMES