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 7,036, 3,377 total housing units (homes and apartments), and a median house value of $332,100, Barrington real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Barrington homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Barrington, accounting for 56.71% of the borough's housing units. Other types of housing that are prevalent in Barrington include large apartment complexes or high rise apartments ( 29.81%), duplexes, homes converted to apartments or other small apartment buildings ( 13.05%).
People in Barrington primarily live in small (one, two or no bedroom) single-family detached homes. Barrington has a mixture of owner-occupied and renter-occupied housing.
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. Barrington's housing was primarily built during this period, from the '40s through the '60s. A full 61.06% of the borough's housing hails from this era. Other housing ages represented in Barrington include homes built between 1970-1999 ( 25.14%) and housing constructed before 1939 ( 10.58%). There's also some housing in Barrington built between 2000 and later ( 3.22%).
Real estate appreciation rates in Barrington's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.03% during the period.
Appreciation rates are so strong in Barrington that despite a nationwide downturn in the housing market, Barrington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Barrington appreciation rates continue to be some of the highest in America, at 9.93%, which is higher than appreciation rates in 87.00% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Barrington. Barrington appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.90%.
Relative to New Jersey, our data show that Barrington's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.
$332,100
$1,954 / per month