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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 2023. 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

Average Home Values

Median Home Value

$515,679

Number Of Homes And Apartments:

3,438,162

New Jersey Home Prices

> $1,287,194
$965,420 - $1,287,194
$643,521 - $965,419
$514,897 - $643,520
$386,150 - $514,896
$257,467 - $386,149
$128,609 - $257,466
$64,373 - $128,608
$0 - $64,372
5.2%
5.2%
7.2%
7.2%
19.9%
19.9%
16.7%
16.7%
18.6%
18.6%
17.5%
17.5%
9.8%
9.8%
2.4%
2.4%
2.7%
2.7%
0% 100.0%
% of Homes

New Jersey Appreciation Rates

Rent & Homeownership

Average Market Rent:

$3,084 / per month

Homeownership Rate

Owners
Renters
62.6%
62.6%
37.4%
37.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.5%
8.5%
91.5%
91.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.6%
14.6%
33.5%
33.5%
34.2%
34.2%
17.6%
17.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
52.9%
52.9%
9.9%
9.9%
14.9%
14.9%
21.3%
21.3%
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%
14.0%
14.0%
25.6%
25.6%
31.9%
31.9%
19.6%
19.6%
5.8%
5.8%
0% 100.0%
% of Homes