New Jersey Home Value Statistics
Unlike the Census—which is an exact count of people and households every ten years—ACS statistics are estimated based on a representative survey sample. (The data in this story only considers owner-occupied housing units.)
How do home values in New Jersey compare to other states and the United States?
How do home values vary within New Jersey?
How much are New Jersey homes worth in aggregate?
How many New Jersey homes are affordable?
According to a rule of thumb, a household shouldn't spend more than 2.6 times their income on a home. This chart shows the number of owner-occupied homes in New Jersey broken down by this ratio, as well as their mortgage status.
About the Data
Data is from the U.S. Census Bureau's American Community Survey (ACS), 1-year estimates. This data only considered owner-occupied housing units. The following tables are used:
• Median Home Value trend and map: Table B25077
• Mortgage Status: Table B25082
• Mortgage Status and Value-to-Income Ratio: Table B25100
This report uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.