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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 Q4 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2023 (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

$593,646

Number Of Homes And Apartments:

3,478,355

New Jersey Home Prices

> $1,395,071
$1,046,733 - $1,395,071
$697,801 - $1,046,732
$558,104 - $697,800
$418,604 - $558,103
$279,117 - $418,603
$139,530 - $279,116
$69,770 - $139,529
$0 - $69,769
6.1%
6.1%
8.0%
8.0%
22.6%
22.6%
16.7%
16.7%
17.7%
17.7%
15.8%
15.8%
8.2%
8.2%
2.2%
2.2%
2.7%
2.7%
0% 100.0%
% of Homes

New Jersey Appreciation Rates

Rent & Homeownership

Average Market Rent:

$3,137 / per month

Homeownership Rate

Owners
Renters
62.5%
62.5%
37.5%
37.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.9%
7.9%
92.1%
92.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.5%
15.5%
33.3%
33.3%
33.7%
33.7%
17.5%
17.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
52.7%
52.7%
10.0%
10.0%
14.7%
14.7%
21.6%
21.6%
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
3.0%
3.0%
14.2%
14.2%
25.5%
25.5%
31.8%
31.8%
19.7%
19.7%
5.9%
5.9%
0% 100.0%
% of Homes