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 14,340 people, 5,321 houses or apartments, and a median cost of homes of $683,358, real estate costs in Saddle Brook 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 Saddle Brook, accounting for 62.31% of the township's housing units. Other types of housing that are prevalent in Saddle Brook include duplexes, homes converted to apartments or other small apartment buildings ( 18.08%), large apartment complexes or high rise apartments ( 16.60%), and a few row houses and other attached homes ( 3.00%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Saddle Brook. Owner-occupied housing accounts for 67.08% of Saddle Brook's homes, and 58.39% 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. Saddle Brook's housing was primarily built during this period, from the '40s through the '60s. A full 53.13% of the township's housing hails from this era. Other housing ages represented in Saddle Brook include homes built between 1970-1999 ( 18.10%) and housing constructed between 2000 and later ( 17.57%). There's also some housing in Saddle Brook built before 1939 ( 11.19%).
Real estate appreciation rates in Saddle Brook's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.13% during the period.
Appreciation rates are so strong in Saddle Brook that despite a nationwide downturn in the housing market, Saddle Brook real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Saddle Brook appreciation rates continue to be some of the highest in America, at 11.12%, which is higher than appreciation rates in 91.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Saddle Brook. Saddle Brook 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 Saddle Brook's latest annual appreciation rate is higher than 50% of the other cities and towns in New Jersey.
$683,358
for New jersey
for nation
5,321
$3,977 / per month