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 43,896 people, 15,681 houses or apartments, and a median cost of homes of $536,095, North Brunswick real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in North Brunswick, accounting for 37.90% of the township's housing units. Other types of housing that are prevalent in North Brunswick include large apartment complexes or high rise apartments ( 31.73%), row houses and other attached homes ( 16.76%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.71%).
The most prevalent building size and type in North Brunswick are three and four bedroom dwellings, chiefly found in single-family detached homes. The township has a mixture of owners and renters, with 56.46% owning and 43.54% renting.
There is a lot of housing in North Brunswick 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 North Brunswick built between 1940-1969 ( 26.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.35%). There's also some housing in North Brunswick built before 1939 ( 3.07%).
Real estate appreciation rates in North Brunswick's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.82% during the period.
Appreciation rates are so strong in North Brunswick that despite a nationwide downturn in the housing market, North Brunswick real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Brunswick appreciation rates continue to be some of the highest in America, at 11.08%, which is higher than appreciation rates in 91.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Brunswick. North Brunswick 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 North Brunswick's latest annual appreciation rate is higher than 50% of the other cities and towns in New Jersey.
One very important thing to keep in mind is that these are average appreciation rates for the township. Individual neighborhoods within North Brunswick differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North Brunswick - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best North Brunswick real estate investment or home purchase decisions.
$536,095
for New jersey
for nation
15,681
$3,242 / per month