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 8,870 people, 3,192 houses or apartments, and a median cost of homes of $295,561, Haledon real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Haledon homes are still considered rather expensive.
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Haledon, accounting for 45.46% of the borough's housing units. Other types of housing that are prevalent in Haledon include single-family detached homes ( 34.18%), large apartment complexes or high rise apartments ( 14.58%), and a few row houses and other attached homes ( 5.78%). Boroughs with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
People in Haledon primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Haledon 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. Haledon's housing was primarily built during this period, from the '40s through the '60s. A full 35.43% of the borough's housing hails from this era. Other housing ages represented in Haledon include homes built between 1970-1999 ( 31.09%) and housing constructed before 1939 ( 27.85%). There's also some housing in Haledon built between 2000 and later ( 5.63%).
Haledon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Haledon during the period has been just 5.27%, which is lower than 70% of US communities.
Appreciation rates are so strong in Haledon that despite a nationwide downturn in the housing market, Haledon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Haledon appreciation rates continue to be some of the highest in America, at 10.04%, which is higher than appreciation rates in 87.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Haledon. Haledon 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 Haledon's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.
$295,561
for New jersey
for nation
3,192
$3,155 / per month