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 a population of 9,985, 3,347 total housing units (homes and apartments), and a median house value of $850,620, real estate costs in Kinnelon 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.
Kinnelon is a borough of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Kinnelon than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kinnelon. Owner-occupied housing accounts for 92.09% of Kinnelon's homes, and 67.14% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Kinnelon built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Kinnelon built between 1940-1969 ( 38.59%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.13%). There's also some housing in Kinnelon built before 1939 ( 5.82%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Kinnelon, where house values have increased just 47.92%, which is annualized rate of 3.99%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Kinnelon appreciation rates have trailed the rest of the nation. In the last twelve months, Kinnelon's appreciation rate has been 6.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kinnelon were at 3.31%, which equates to an annual appreciation rate of 13.93%.
Relative to New Jersey, our data show that Kinnelon's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.
$850,620
for New jersey
for nation
3,347
$4,580 / per month