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 a population of 8,266, 2,602 total housing units (homes and apartments), and a median house value of $1,346,072, Upper Saddle River house prices are not only among the most expensive in New Jersey, Upper Saddle River real estate also is some of the most expensive in all of America.
Upper Saddle River is a borough of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Upper Saddle River than is found in 98% of the communities in America.
The large homes that make up Upper Saddle River are primarily owner-occupied ( 88.95%).
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. Upper Saddle River's housing was primarily built during this period, from the '40s through the '60s. A full 49.62% of the borough's housing hails from this era. Other housing ages represented in Upper Saddle River include homes built between 1970-1999 ( 26.83%) and housing constructed between 2000 and later ( 14.98%). There's also some housing in Upper Saddle River built before 1939 ( 8.56%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Upper Saddle River, where house values have increased just 30.40%, which is annualized rate of 2.69%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Upper Saddle River that despite a nationwide downturn in the housing market, Upper Saddle River real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Upper Saddle River appreciation rates continue to be some of the highest in America, at 10.43%, which is higher than appreciation rates in 89.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Upper Saddle River. Upper Saddle River 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 Upper Saddle River's latest annual appreciation rate is lower than 50% of the other cities and towns in New Jersey.
$1,346,072
$5,536 / per month