December 13,2016
the staff of the Ridgewood blog
Ridgewood NJ, According to the latest census data home prices across the state are still feeling the effects of the Great Recession, According to the most recent Census data, the median home value in New Jersey is $315,900, a 20 percent decline between the 2005-2009 Census and the 2011-2015 data.
Bergen County had the highest home values in the state, with the runner-up position going to Morris County. Bergen home values dropped from $530,867 to $441,100 or -16.9% from the 2005-2009 period to the 2011-2015 period compared to New Jersey values which dropped 19.5% and US values dropped -12.5% during the same period.