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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Succasunna, NJ Real Estate Market

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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Succasunna, NJ Housing Market Trends

With 10,338 people, 3,340 houses or apartments, and a median cost of homes of $665,261, real estate costs in Succasunna 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.

Succasunna is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Succasunna than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Succasunna. Owner-occupied housing accounts for 90.55% of Succasunna's homes, and 78.29% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Succasunna 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 Succasunna built between 1940-1969 ( 43.69%). A lesser amount of the housing stock also hails from before 1939 ( 5.26%). There's also some housing in Succasunna built between 2000 and later ( 3.74%).

Succasunna Home Appreciation Rates

Real estate appreciation rates in Succasunna's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.01% during the period.

Appreciation rates are so strong in Succasunna that despite a nationwide downturn in the housing market, Succasunna real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Succasunna appreciation rates continue to be some of the highest in America, at 11.95%, which is higher than appreciation rates in 93.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Succasunna. Succasunna 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 Succasunna's latest annual appreciation rate is higher than 60% of the other cities and towns in New Jersey.

Average Home Values

Median Home Value

$665,261

Succasunna, NJ Home Prices
> $1,493,000
$1,120,001 - $1,493,000
$747,001 - $1,120,000
$597,001 - $747,000
$448,001 - $597,000
$298,001 - $448,000
$150,001 - $298,000
$75,001 - $150,000
$0 - $75,000
0.3%
0.3%
1.2%
1.2%
34.4%
34.4%
36.2%
36.2%
16.0%
16.0%
9.8%
9.8%
1.4%
1.4%
0.3%
0.3%
0.5%
0.5%
0% 100.0%
% of Homes
High

for New jersey

Very High

for nation

Number of Homes And Apartments:

3,340

Succasunna Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,171 / per month

Homeownership Rate

Owners
Renters
90.6%
90.6%
9.5%
9.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.9%
3.9%
96.1%
96.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.7%
3.7%
47.3%
47.3%
43.7%
43.7%
5.3%
5.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
92.1%
92.1%
1.6%
1.6%
2.0%
2.0%
4.4%
4.4%
0.0%
0.0%
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
0.7%
0.7%
1.2%
1.2%
12.3%
12.3%
29.4%
29.4%
48.9%
48.9%
7.5%
7.5%
0% 100.0%
% of Homes