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Basking Ridge, NJ Housing
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Basking Ridge, NJ is an expensive place to live with a median house value of $844,900, much higher than the US median value of $338,100. This year has seen a healthy appreciation rate in Basking Ridge of 12.10%, which is higher than the US average of 8.27%. As such, Basking Ridge remains an attractive prospect for real estate investors looking to capitalize on the local market's growth.
Median Monthly Rent by Number of Bedrooms
Housing by Year Built
Housing
Basking Ridge, New Jersey
United States
Number of Homes
2,822.0
139,647,020.0
Median Home Age
52
42
Median Home Cost
$844,900
$338,100
Home Appr. Last 12 months
12.1%
16.6%
Home Appr. Last 5 yrs.
29.3%
57.0%
Home Appr. Last 10 yrs.
44.3%
101.1%
Property Tax Rate
$22.01
$10.98
Property Taxes Paid
$10,001
$2,690
Homes Owned
81.8%
57.4%
Housing Vacant
2.9%
11.2%
Homes Rented
15.3%
31.4%
Vacant Housing
Vacant For Rent
0.0%
1.9%
Vacant Rented
0.0%
0.4%
Vacant For Sale
0.0%
0.7%
Vacant Sold
0.0%
0.4%
Vacant Vacation
0.0%
3.6%
Vacant Other
2.9%
4.1%
Value of Owner-Occupied Housing
Less Than $20,000
0.0%
2.6%
$20,000 to $39,999
0.0%
2.4%
$40,000 to $59,999
0.0%
2.8%
$60,000 to $79,999
0.3%
3.9%
$80,000 to $99,999
0.0%
4.5%
$100,000 to $149,999
0.0%
11.3%
$150,000 to $199,999
0.9%
13.0%
$200,000 to $299,999
3.6%
20.1%
$300,000 to $399,999
4.3%
13.6%
$400,000 to $499,999
9.3%
8.3%
$500,000 to $749,999
37.0%
9.7%
$750,000 to $999,999
25.0%
3.9%
$1,000,000 to $1,499,999
12.8%
2.2%
$1,500,000 to $1,999,999
5.7%
0.8%
$2,000,000 and over
1.1%
1.1%
Housing Units by Year Structure Built
2014 and newer
0.0%
0.2%
2010 to 2013
3.5%
13.6%
2000 to 2009
3.5%
13.6%
1990 to 1999
5.5%
13.6%
1980 to 1989
20.9%
13.2%
1970 to 1979
14.8%
14.8%
1960 to 1969
5.5%
13.6%
1950 to 1959
19.9%
10.0%
1940 to 1949
3.5%
4.7%
1939 or Earlier
12.5%
12.2%
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