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 39,862 people, 14,703 houses or apartments, and a median cost of homes of $490,670, Kearny real estate prices are well above average cost compared to national prices.
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Kearny, accounting for 41.85% of the town's housing units. Other types of housing that are prevalent in Kearny include single-family detached homes ( 33.64%), large apartment complexes or high rise apartments ( 20.30%), and a few row houses and other attached homes ( 4.04%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.
People in Kearny primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Kearny has a mixture of owner-occupied and renter-occupied housing.
The housing in Kearny was primarily built before 1939 ( 38.35%), making the housing stock in Kearny some of the oldest overall in America, although there is a range of ages of homes in Kearny. The next most important housing age is between 1940-1969 ( 37.78%), followed by between 1970-1999 ( 18.00%). There's also some housing in Kearny built between 2000 and later ( 5.87%).
Real estate appreciation rates in Kearny's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.99% during the period.
NeighborhoodScout's data show that during the latest twelve months, Kearny's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Kearny's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.
Relative to New Jersey, our data show that Kearny's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Kearny differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kearny - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Kearny real estate investment or home purchase decisions.
$490,670
for New jersey
for nation
14,703
$2,934 / per month