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 12,018, 4,283 total housing units (homes and apartments), and a median house value of $647,211, real estate costs in Hasbrouck Heights 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 Hasbrouck Heights, accounting for 67.40% of the borough's housing units. Other types of housing that are prevalent in Hasbrouck Heights include duplexes, homes converted to apartments or other small apartment buildings ( 16.72%), large apartment complexes or high rise apartments ( 15.29%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hasbrouck Heights. Owner-occupied housing accounts for 71.07% of Hasbrouck Heights's homes, and 59.10% 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. Hasbrouck Heights's housing was primarily built during this period, from the '40s through the '60s. A full 63.68% of the borough's housing hails from this era. Other housing ages represented in Hasbrouck Heights include homes built before 1939 ( 24.36%) and housing constructed between 1970-1999 ( 8.99%). There's also some housing in Hasbrouck Heights built between 2000 and later ( 2.97%).
Real estate appreciation rates in Hasbrouck Heights's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.08% during the period.
Appreciation rates are so strong in Hasbrouck Heights that despite a nationwide downturn in the housing market, Hasbrouck Heights real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hasbrouck Heights appreciation rates continue to be some of the highest in America, at 12.38%, which is higher than appreciation rates in 94.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hasbrouck Heights. Hasbrouck Heights 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 Hasbrouck Heights's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey.
$647,211
for New jersey
for nation
4,283
$3,079 / per month