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 1,663 people, 643 houses or apartments, and a median cost of homes of $781,855, real estate costs in Annandale 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.
Single-family detached homes are the single most common housing type in Annandale, accounting for 69.33% of the town's housing units. Other types of housing that are prevalent in Annandale include duplexes, homes converted to apartments or other small apartment buildings ( 14.26%), large apartment complexes or high rise apartments ( 13.19%), and a few row houses and other attached homes ( 3.22%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Annandale. Owner-occupied housing accounts for 68.27% of Annandale's homes, and 56.60% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Annandale 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 Annandale built before 1939 ( 32.21%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.79%). There's also some housing in Annandale built between 1940-1969 ( 8.59%).
Annandale's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Annandale during the period has been just 4.75%, which is lower than 80% of US communities.
Appreciation rates are so strong in Annandale that despite a nationwide downturn in the housing market, Annandale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Annandale appreciation rates continue to be some of the highest in America, at 9.78%, which is higher than appreciation rates in 86.25% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Annandale. Annandale appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New Jersey, our data show that Annandale's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.
$781,855
for New jersey
for nation
643
$4,966 / per month