Secaucus, New Jersey Housing Market Prices
Secaucus Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 65% above the New Jersey median$582,237
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Median rent 39% above the New Jersey median$2,390
Housing Market Overview
| Metric | Secaucus | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $582,237 | $352,792 | $248,835 |
| Price Trend (Annual %) | 7.5% | 4.4% | 7.5% |
| Median Gross Rent | $2,390 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Secaucus is about 65% higher than in New Jersey. Rent is about 39% higher than the New Jersey average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Secaucus, up about 7.5% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Secaucus rose about 50.9% between 2015 and 2024, from $1,584 to $2,390. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Secaucus.
Buying the median-priced home in Secaucus costs roughly 20.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Secaucus. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Secaucus | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $582,237 | $352,792 | $248,835 |
| Median Household Income | $135,242 | $103,817 | $80,455 |
| Price-to-Income Ratio | 4.3 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Secaucus rose about 24.0%, while median household income rose about 65.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Secaucus | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.7% | 59.1% | 58.5% |
| Rental Rate | 46.1% | 33.5% | 31.2% |
| Vacancy Rate | 6.2% | 7.5% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Secaucus has a homeownership rate of 47.7%, lower than the New Jersey average of 59.1%. Its housing vacancy rate is 6.2%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Secaucus | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1979 | 1968 | 1978 |
| Median Number of Rooms | 4.3 | 5.7 | 5.5 |
The typical housing unit in Secaucus was built around 1979. On average, 2.4 people live in a home with about 4.3 rooms, staying for about 12.0 years on average.
Secaucus, NJ Housing Compared With Nearby Cities
How Secaucus, NJ compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Secaucus, NJ | 21,687 | $582,237 #2/3 | $2,390 #2/3 | 50.8% #1/3 |
| Union City, NJ | 66,416 | $209,974 | $1,537 | 19.1% |
| Hoboken, NJ | 58,199 | $1,288,134 | $2,929 | 33.7% |
Frequently Asked Questions
Common questions about the housing market in Secaucus, New Jersey.
What is the median home price in Secaucus, New Jersey?
The median home price in Secaucus, New Jersey is $582,237, higher than the New Jersey average of $352,792.
What is the average home price in Secaucus, New Jersey?
The typical home price in Secaucus, New Jersey, reported as the median sale price, is $582,237. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Secaucus, New Jersey?
The median gross rent in Secaucus, New Jersey is $2,390 per month, higher than the New Jersey average of $1,719.
What was the median gross rent in Secaucus in 2020?
In 2020, the median gross rent in Secaucus, New Jersey was $1,906 per month.
What is the price-to-rent ratio in Secaucus, New Jersey?
The price-to-rent ratio in Secaucus, New Jersey is about 20.3, meaning it would take roughly 20.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Secaucus.
Are home prices or rent rising faster in Secaucus, New Jersey?
Both home prices and rent are rising in Secaucus, up about 7.5% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Secaucus, New Jersey?
47.7% of households in Secaucus, New Jersey own their home, lower than the New Jersey average of 59.1%.
What is the vacancy rate in Secaucus, New Jersey?
The housing vacancy rate in Secaucus, New Jersey is 6.2%, lower than the New Jersey average of 7.5%.
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