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 Q1 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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:
$440,502

Number Of Homes And Apartments:
3,272,054

New Jersey Home Prices

> $1,279,773
$959,861 - $1,279,773
$639,854 - $959,860
$511,858 - $639,853
$383,962 - $511,857
$255,937 - $383,961
$127,997 - $255,936
$64,001 - $127,996
$0 - $64,000
3.3%
3.3%
4.8%
4.8%
14.7%
14.7%
13.4%
13.4%
21.1%
21.1%
22.2%
22.2%
14.8%
14.8%
3.2%
3.2%
2.4%
2.4%
0.0% 100.0%
% OF HOMES

New Jersey Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q4 - 2022 Q1
3.11% 13.02%
6
Last 12 Months:
2021 Q1 - 2022 Q1
16.92% 16.92%
5
Last 2 Years:
2020 Q1 - 2022 Q1
25.67% 12.10%
5
Last 5 Years:
2017 Q1 - 2022 Q1
40.11% 6.98%
4
Last 10 Years:
2012 Q1 - 2022 Q1
50.31% 4.16%
3
Since 2000:
2000 Q1 - 2022 Q1
145.41% 4.17%
6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$2,321 / per month

Homeownership Rate

Owners
Renters
Vacant
62.7%
62.7%
37.3%
37.3%
9.8%
9.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.8%
12.8%
34.0%
34.0%
35.1%
35.1%
18.1%
18.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
53.5%
53.5%
9.7%
9.7%
15.2%
15.2%
20.6%
20.6%
0.9%
0.9%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.7%
2.7%
13.9%
13.9%
25.8%
25.8%
32.4%
32.4%
19.5%
19.5%
5.7%
5.7%
0.0% 100.0%
% OF HOMES