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New Jersey
Real Estate Appreciation & Housing Market Trends






New Jersey Real Estate Market & Appreciation

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value

$473,767

Number Of Homes And Apartments:

3,397,156

New Jersey Home Prices

> $1,341,000
$1,005,861 - $1,341,000
$670,645 - $1,005,860
$536,261 - $670,644
$402,181 - $536,260
$268,144 - $402,180
$134,148 - $268,143
$67,047 - $134,147
$0 - $67,046
3.5%
3.5%
5.3%
5.3%
16.0%
16.0%
14.1%
14.1%
21.1%
21.1%
20.9%
20.9%
13.4%
13.4%
3.1%
3.1%
2.7%
2.7%
0% 100.0%
% of Homes

New Jersey Appreciation Rates

Rent & Homeownership

Average Market Rent:

$2,952 / per month

Homeownership Rate

Owners
Renters
Vacant
62.6%
62.6%
37.4%
37.4%
9.1%
9.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.6%
13.6%
33.7%
33.7%
34.7%
34.7%
18.0%
18.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
53.1%
53.1%
9.7%
9.7%
15.2%
15.2%
21.0%
21.0%
0.9%
0.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.8%
2.8%
14.0%
14.0%
25.7%
25.7%
32.1%
32.1%
19.7%
19.7%
5.8%
5.8%
0% 100.0%
% of Homes