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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 21,005, 8,525 total housing units (homes and apartments), and a median house value of $749,087, real estate costs in Secaucus are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.
Large apartment complexes or high rise apartments are the single most common housing type in Secaucus, accounting for 41.27% of the town's housing units. Other types of housing that are prevalent in Secaucus include single-family detached homes ( 26.11%), duplexes, homes converted to apartments or other small apartment buildings ( 21.46%), and a few row houses and other attached homes ( 10.75%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.
People in Secaucus primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Secaucus has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Secaucus built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Secaucus built between 2000 and later ( 31.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.60%). There's also some housing in Secaucus built before 1939 ( 13.24%).
Secaucus's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Secaucus during the period has been just 5.67%, which is lower than 70% of US communities.
Appreciation rates are so strong in Secaucus that despite a nationwide downturn in the housing market, Secaucus real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Secaucus appreciation rates continue to be some of the highest in America, at 11.98%, which is higher than appreciation rates in 97.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Secaucus. Secaucus appreciation rates in the latest quarter were at 2.11%, which equates to an annual appreciation rate of 8.71%.
Relative to New Jersey, our data show that Secaucus's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey.
$749,087
for New jersey
for nation
8,525
$3,669 / per month