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 1,244, 506 total housing units (homes and apartments), and a median house value of $898,632, Bedminster house prices are not only among the most expensive in New Jersey, Bedminster 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 Bedminster, accounting for 100.00% of the town's housing units.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bedminster. Owner-occupied housing accounts for 81.44% of Bedminster's homes, and 66.22% 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. Bedminster's housing was primarily built during this period, from the '40s through the '60s. A full 47.82% of the town's housing hails from this era. Other housing ages represented in Bedminster include homes built between 1970-1999 ( 25.81%) and housing constructed before 1939 ( 19.73%). There's also some housing in Bedminster built between 2000 and later ( 6.64%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Bedminster, where house values have increased just 55.20%, which is annualized rate of 4.49%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Bedminster that despite a nationwide downturn in the housing market, Bedminster real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bedminster appreciation rates continue to be some of the highest in America, at 8.79%, which is higher than appreciation rates in 78.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bedminster. Bedminster 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 Bedminster's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.
$898,632
$5,086 / per month