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New Jersey Housing

 
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As of 2010-2014, median price of a house in New Jersey is $319,900, which is much higher than the national average of $175,700. The New Jersey median house value has grown by 87.30% since 2000. The growth rate for the price of a house in New Jersey is much higher than the national average rate of 46.91%. The median year that a house in New Jersey was built is 1966, which is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 2,073,915 Owner Occupied Houses in New Jersey, #5
New Jersey
319,900 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #9
New Jersey
87.30%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 New Jersey%U.S.
Total Housing Units3,572,138, see rank100%132,741,033
Occupied Housing Units3,188,49889.26%, see rank87.55%
Owner Occupied2,073,91558.06%, see rank56.34%
Renter Occupied1,114,58331.20%, see rank31.21%
Vacant Housing Units383,64010.74%, see rank12.45%
For Rent77,8302.18%, see rank2.34%
For Sale Only36,4171.02%, see rank1.20%
Rented or Sold, Not Occupied25,1070.70%, see rank0.92%
For Seasonal, Recreational, or Occasional Use132,7803.72%, see rank3.97%
For Migrant Workers3140.01%, see rank0.03%
Other Vacant111,1923.11%, see rank4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #44
New JerseyU.S.
19661976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 New Jersey%U.S.
Owner-Occupied Units2,073,915100%74,787,460
With a Mortgage1,448,25069.83%, see rank65.58%
Without a Mortgage625,66530.17%, see rank34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
New Jersey
2,428 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsNew Jersey%U.S.
$299 or Less5510.04%, see rank0.20%
$300 to $4995,0390.35%, see rank1.59%
$500 to $69912,0670.83%, see rank5.01%
$700 to $99940,5182.80%, see rank14.32%
$1,000 to $1,499161,16211.13%, see rank27.90%
$1,500 to $1,999259,75517.94%, see rank20.35%
$2,000 to $2,999525,52636.29%, see rank19.52%
$3,000 or More443,63230.63%, see rank11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
New Jersey
27.50% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 New Jersey%U.S.
10% or Less57,6193.98%, see rank5.86%
10% to 20%343,70123.73%, see rank31.95%
20% to 30%411,56328.42%, see rank27.64%
30% to 40%240,63716.62%, see rank13.74%
40% or More388,89626.85%, see rank20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
New Jersey
972 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsNew Jersey%U.S.
$199 or Less7,4251.19%, see rank7.76%
$200 to $29910,3981.66%, see rank14.70%
$300 to $49940,1866.42%, see rank34.63%
$500 to $69982,41813.17%, see rank21.16%
$700 or More485,23877.56%, see rank21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
New Jersey
18.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 New Jersey%U.S.
10% or Less135,84321.71%, see rank40.19%
10% to 20%202,54832.37%, see rank31.47%
20% to 30%105,95716.94%, see rank12.24%
30% to 40%59,1929.46%, see rank5.64%
40% or More116,11018.56%, see rank9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 New Jersey%U.S.
Total Housing Units3,572,138100%132,741,033
1-unit, Detached1,917,19453.67%, see rank61.65%
1-unit, Attached330,6199.26%, see rank5.82%
2 Units340,3089.53%, see rank3.75%
3 or 4 Units229,6086.43%, see rank4.43%
5 to 9 Units171,5244.80%, see rank4.78%
10 or More Units547,83515.34%, see rank13.08%
Mobile Home, Boat, RV, Van, etc.35,0500.98%, see rank6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 New Jersey%U.S.
Total Housing Units3,572,138100%132,741,033
1 Room96,7462.71%, see rank1.95%
2 Rooms76,8932.15%, see rank2.48%
3 Rooms367,88110.30%, see rank9.13%
4 Rooms542,62015.19%, see rank16.60%
5 Rooms597,24316.72%, see rank20.41%
6 Rooms577,07616.15%, see rank18.06%
7 Rooms445,85612.48%, see rank12.27%
8 Rooms374,56010.49%, see rank8.48%
9 Rooms or More493,26313.81%, see rank10.60%
Median Rooms5.70, see rank-5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 New Jersey%U.S.
Total Housing Units3,572,138100%132,741,033
No Bedroom102,8712.88%, see rank2.17%
1 Bedroom506,54714.18%, see rank11.16%
2 Bedrooms926,32825.93%, see rank26.69%
3 Bedrooms1,165,14832.62%, see rank39.70%
4 Bedrooms672,46818.83%, see rank16.05%
5 or More Bedrooms198,7765.56%, see rank4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 New Jersey%U.S.
Total Housing Units3,188,498100%116,211,092
Utility Gas2,364,58874.16%, see rank48.85%
Bottled, Tank, or LP Gas61,8111.94%, see rank4.86%
Electricity371,79711.66%, see rank36.68%
Fuel Oil, Kerosene, etc.353,79111.10%, see rank5.86%
Coal or Coke1,0230.03%, see rank0.12%
Wood14,1540.44%, see rank2.12%
Solar Energy9420.03%, see rank0.05%
Other Fuel10,3170.32%, see rank0.47%
No Fuel Used10,0750.32%, see rank1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalNew Jersey%U.S.
Occupied Units Paying Rent1,077,463100%39,201,928
$199 or Less15,7681.46%, see rank1.50%
$200 to $29932,7223.04%, see rank3.18%
$300 to $49941,6293.86%, see rank7.37%
$500 to $69949,9614.64%, see rank16.01%
$700 to $999206,74919.19%, see rank29.17%
$1,000 to $1,499440,57140.89%, see rank26.88%
$1,500 to $1,999184,37117.11%, see rank9.79%
$2,000 or More105,6929.81%, see rank6.10%
Median$1,188, see rank-$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 New Jersey%U.S.
Occupied Housing Units3,188,498100%116,211,092
No Vehicles Available373,13611.70%, see rank9.12%
1 Vehicles Available1,106,62534.71%, see rank33.80%
2 Vehicles Available1,152,94336.16%, see rank37.48%
3 or More Vehicles Available555,79417.43%, see rank19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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