T-RECS
powered by ResiShares
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 hereWhere willrank 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
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 2,999,121 homes | 100th |
| Home Price | $587,068 | 92nd |
| Price Per sqft | $345/sqft | 91st |
| Lot Size | 0.18 acre(s) | 17th |
| Home Size | 1,618 sqft | 51st |
| 2 Year Price Growth | +19.49% | 78th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 62 years | 14th |
Population Age | 0 years | 65th |
| Household Size | 2.57 people | 76th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $91,562 | 88th |
| 2 Year Household Income Growth | +9.28% | 40th |
Unemployment Rate | 5.40% | 13th |
2 Year Unemployment Rate Difference | -1.55% | 75th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 42nd |
| Population Growth Score | 11th |
| Price Growth Score | 23rd |
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.
Chicago-Naperville-Elgin, IL-IN-WI
Year: 2020
Similarity Score: 90
2.
Los Angeles-Long Beach-Anaheim, CA
Year: 2020
Similarity Score: 87
3.
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Year: 2019
Similarity Score: 87
4.
Providence-Warwick, RI-MA
Year: 2016
Similarity Score: 86
5.
Baltimore-Columbia-Towson, MD
Year: 2015
Similarity Score: 85
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 2,999,121 homes | 100th |
| Home Price | $587,068 | 92nd |
| Price Per sqft | $345/sqft | 91st |
| Lot Size | 0.18 acre(s) | 17th |
| Home Size | 1,618 sqft | 51st |
| 2 Year Price Growth | +19.49% | 78th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 62 years | 14th |
Population Age | 0 years | 65th |
| Household Size | 2.57 people | 76th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $91,562 | 88th |
| 2 Year Household Income Growth | +9.28% | 40th |
Unemployment Rate | 5.40% | 13th |
2 Year Unemployment Rate Difference | -1.55% | 75th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 42nd |
| Population Growth Score | 11th |
| Price Growth Score | 23rd |