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T-RECS
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Trended Real Estate Comparison Scores (T-RECS) compare current real estate markets with their closest analogs in history, to project their most probable trajectories going forward.

Read more about our T-RECS model here
Where will
rank amongst housing markets for price growth?

New York-Newark-Jersey City, NY-NJ-PA
States
New Jersey
Pennsylvania
New York
Region
Northeast
2021 Population
19,768,458
Map location of New York-Newark-Jersey City, NY-NJ-PA
Market Details
Percentile
Housing Population3,459,732 homes
100th
Home Price$548,416
90th
Price Per sqft$329/sqft
91st
Lot Size0.17 acre(s)
12th
Home Size1,561 sqft
43rd
2 Year Price Growth+16.53%
31st
Demographics
Percentile
Home Age
63 years
13th
Population Age
40 years
39th
Household Size2.64 people
81st
Economics
Percentile
Household Income$84,409
87th
2 Year Household Income Growth+1.50%
12th
Unemployment Rate
9.30%
4th
2 Year Unemployment Rate Difference
+4.70%
1st
ResiShares Market Factors
Percentile
Economic Growth Score
6th
Population Growth Score
79th
Price Growth Score
25th
Projected Annual Growth Percentile

Across the top 200 markets by population

3 Year Projected Rank:

22 / 200 ( 89th %tile )
Top 5 Historical T-RECS Matched Markets

1.

Sacramento-Roseville-Folsom, CA

Year: 2012

Similarity Score: 87

2.

San Diego-Chula Vista-Carlsbad, CA

Year: 2010

Similarity Score: 86

3.

Seattle-Tacoma-Bellevue, WA

Year: 2012

Similarity Score: 86

4.

Chicago-Naperville-Elgin, IL-IN-WI

Year: 2013

Similarity Score: 85

5.

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Year: 2013

Similarity Score: 85

Market Details
Percentile
Housing Population3,459,732 homes
100th
Home Price$548,416
90th
Price Per sqft$329/sqft
91st
Lot Size0.17 acre(s)
12th
Home Size1,561 sqft
43rd
2 Year Price Growth+16.53%
31st
Demographics
Percentile
Home Age
63 years
13th
Population Age
40 years
39th
Household Size2.64 people
81st
Economics
Percentile
Household Income$84,409
87th
2 Year Household Income Growth+1.50%
12th
Unemployment Rate
9.30%
4th
2 Year Unemployment Rate Difference
+4.70%
1st
ResiShares Market Factors
Percentile
Economic Growth Score
6th
Population Growth Score
79th
Price Growth Score
25th