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 16,309 people, 6,634 houses or apartments, and a median cost of homes of $603,834, real estate costs in North Arlington are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in North Arlington, accounting for 40.83% of the borough's housing units. Other types of housing that are prevalent in North Arlington include single-family detached homes ( 39.38%), large apartment complexes or high rise apartments ( 15.60%), and a few row houses and other attached homes ( 4.19%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.
People in North Arlington primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. North Arlington has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. North Arlington's housing was primarily built during this period, from the '40s through the '60s. A full 65.64% of the borough's housing hails from this era. Other housing ages represented in North Arlington include homes built before 1939 ( 17.68%) and housing constructed between 1970-1999 ( 13.03%). There's also some housing in North Arlington built between 2000 and later ( 3.65%).
Appreciation rates for homes in North Arlington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.99%, which ranks in the top 50% nationwide. This equates to an annual average North Arlington house appreciation rate of 6.68%.
Appreciation rates are so strong in North Arlington that despite a nationwide downturn in the housing market, North Arlington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Arlington appreciation rates continue to be some of the highest in America, at 12.10%, which is higher than appreciation rates in 93.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Arlington. North Arlington appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New Jersey, our data show that North Arlington's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey.
$603,834
for New jersey
for nation
6,634
$3,256 / per month