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 | 3,460,473 homes | 100th |
| Home Price | $542,583 | 90th |
| Price Per sqft | $326/sqft | 90th |
| Lot Size | 0.17 acre(s) | 12th |
| Home Size | 1,552 sqft | 45th |
| 2 Year Price Growth | +15.72% | 19th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 63 years | 14th |
Population Age | 40 years | 39th |
| Household Size | 2.64 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 | 13th |
| Population Growth Score | 87th |
| Price Growth Score | 14th |
Projected Annual Growth Percentile
Across the top 200 markets by population
3 Year Projected Rank:
3 / 200 ( 99th %tile )Top 5 Historical T-RECS Matched Markets
1.
Sacramento-Roseville-Folsom, CA
Year: 2012
Similarity Score: 87
2.
Washington-Arlington-Alexandria, DC-VA-MD-WV
Year: 2016
Similarity Score: 85
3.
Seattle-Tacoma-Bellevue, WA
Year: 2011
Similarity Score: 85
4.
Portland-Vancouver-Hillsboro, OR-WA
Year: 2011
Similarity Score: 85
5.
Santa Rosa-Petaluma, CA
Year: 2011
Similarity Score: 85
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 3,460,473 homes | 100th |
| Home Price | $542,583 | 90th |
| Price Per sqft | $326/sqft | 90th |
| Lot Size | 0.17 acre(s) | 12th |
| Home Size | 1,552 sqft | 45th |
| 2 Year Price Growth | +15.72% | 19th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 63 years | 14th |
Population Age | 40 years | 39th |
| Household Size | 2.64 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 | 13th |
| Population Growth Score | 87th |
| Price Growth Score | 14th |