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Verona, NJ Housing

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As of 2005-2009, median price of a house in Verona is $464,000, which is higher than the state average of $319,900 and is much higher than the national average of $175,700. The Verona median house value has grown by 95.04% since 2000. The growth rate for the price of a house in Verona is higher than the state average rate of 87.30% and is much higher than the national average rate of 46.91%. The median year that a house in Verona was built is 1952, which is older than the median year for a house built in the state which is 1964 and is older than the median year for a house built in the USA which is 1974.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 3,872 Owner Occupied Houses in Verona, NJ, see rank

Verona, NJ	464,000 USD
New Jersey	356,800 USD
U.S.	185,400 USD

Median House Price Growth Since 2000, see rank

Verona, NJ	95.04%
New Jersey	87.30%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2005-2009 data. View historical house value data.

Housing Occupancy

	Verona, NJ	New Jersey	U.S.
Total Housing Units	5,023, see rank, 100%	3,492,160	127,699,712
Occupied Housing Units	4,872, 96.99%, see rank	90.28%	88.18%
Owner Occupied	3,872, 77.09%, see rank	60.62%	58.98%
Renter Occupied	1,000, 19.91%, see rank	29.67%	29.20%
Vacant Housing Units	151, 3.01%, see rank	9.72%	11.82%
For Rent	96, 1.91%, see rank	2.17%	2.52%
For Sale Only	9, 0.18%, see rank	1.07%	1.39%
Rented or Sold, Not Occupied	30, 0.60%, see rank	0.78%	0.99%
For Seasonal, Recreational, or Occasional Use	16, 0.32%, see rank	3.50%	3.45%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	0, 0.00%, see rank	2.19%	3.44%

*Based on 2005-2009 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, see rank

Verona, NJ	New Jersey	U.S.
1952	1964	1974

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2005-2009 data. View historical year structure built data.

Mortgage Status

	Verona, NJ	%	New Jersey	U.S.
Owner-Occupied Units	3,872	100%	2,116,888	75,320,422
With a Mortgage	2,539	65.57%, see rank	71.32%	68.07%
Without a Mortgage	1,333	34.43%, see rank	28.68%	31.93%

*Based on 2005-2009 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Verona, NJ	2,798 USD
New Jersey	2,296 USD
U.S.	1,486 USD

Owner Costs Distribution

Monthly Owner Costs	Verona, NJ	%	New Jersey	U.S.
$299 or Less	0	0.00%, see rank	0.09%	0.25%
$300 to $499	10	0.39%, see rank	0.53%	2.04%
$500 to $699	15	0.59%, see rank	1.25%	5.81%
$700 to $999	22	0.87%, see rank	3.65%	15.11%
$1,000 to $1,499	184	7.25%, see rank	13.25%	27.52%
$1,500 to $1,999	296	11.66%, see rank	19.81%	19.69%
$2,000 to $2,999	980	38.60%, see rank	34.27%	18.64%
$3,000 or More	1,032	40.65%, see rank	27.15%	10.94%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Verona, NJ	27.00% of the Total Income
New Jersey	28.10% of the Total Income
U.S.	24.80% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Verona, NJ	%	New Jersey	U.S.
10% or Less	47	1.85%, see rank	4.06%	4.96%
10% to 20%	690	27.18%, see rank	22.29%	29.32%
20% to 30%	704	27.73%, see rank	28.67%	28.59%
30% to 40%	434	17.09%, see rank	17.95%	15.19%
40% or More	664	26.15%, see rank	26.74%	21.54%

*Based on 2005-2009 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Verona, NJ	1,001 USD
New Jersey	852 USD
U.S.	419 USD

Owner Costs Distribution

Monthly Owner Costs	Verona, NJ	%	New Jersey	U.S.
$199 or Less	0	0.00%, see rank	1.11%	9.53%
$200 to $299	0	0.00%, see rank	1.81%	17.52%
$300 to $499	43	3.23%, see rank	8.56%	35.99%
$500 to $699	104	7.80%, see rank	20.03%	19.44%
$700 or More	1,186	88.97%, see rank	68.50%	17.51%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Verona, NJ	22.90% of the Total Income
New Jersey	18.50% of the Total Income
U.S.	12.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Verona, NJ	%	New Jersey	U.S.
10% or Less	232	17.40%, see rank	21.21%	38.97%
10% to 20%	382	28.66%, see rank	32.48%	31.92%
20% to 30%	214	16.05%, see rank	17.54%	12.69%
30% to 40%	123	9.23%, see rank	9.39%	5.92%
40% or More	382	28.66%, see rank	18.63%	9.52%

*Based on 2005-2009 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Verona, NJ	New Jersey	U.S.
Total Housing Units	5,023, 100%	3,492,160	127,699,712
1-unit, Detached	3,047, 60.66%, see rank	53.91%	61.57%
1-unit, Attached	149, 2.97%, see rank	9.20%	5.70%
2 Units	336, 6.69%, see rank	9.50%	3.94%
3 or 4 Units	226, 4.50%, see rank	6.52%	4.51%
5 to 9 Units	151, 3.01%, see rank	4.95%	4.87%
10 or More Units	1,060, 21.10%, see rank	14.88%	12.58%
Mobile Home, Boat, RV, Van, etc.	54, 1.08%, see rank	1.05%	6.85%

*Based on 2005-2009 data. View historical units in structure data.

Rooms

	Verona, NJ	New Jersey	U.S.
Total Housing Units	5,023, 100%	3,492,160	127,699,712
1 Room	73, 1.45%, see rank	2.17%	1.39%
2 Rooms	115, 2.29%, see rank	2.72%	2.78%
3 Rooms	659, 13.12%, see rank	10.39%	9.07%
4 Rooms	599, 11.93%, see rank	15.07%	17.03%
5 Rooms	497, 9.89%, see rank	16.79%	21.24%
6 Rooms	692, 13.78%, see rank	16.50%	18.70%
7 Rooms	1,105, 22.00%, see rank	12.92%	12.36%
8 Rooms	682, 13.58%, see rank	10.68%	8.26%
9 Rooms or More	601, 11.96%, see rank	12.75%	9.16%
Median Rooms	6.30, see rank	5.70	5.40

*Based on 2005-2009 data. View historical rooms data.

Bedrooms

	Verona, NJ	New Jersey	U.S.
Total Housing Units	5,023, 100%	3,492,160	127,699,712
No Bedroom	73, 1.45%, see rank	2.40%	1.66%
1 Bedroom	1,180, 23.49%, see rank	14.48%	11.48%
2 Bedrooms	805, 16.03%, see rank	25.96%	27.48%
3 Bedrooms	1,692, 33.69%, see rank	32.72%	39.79%
4 Bedrooms	1,050, 20.90%, see rank	19.01%	15.64%
5 or More Bedrooms	223, 4.44%, see rank	5.43%	3.94%

*Based on 2005-2009 data. View historical bedrooms data.

House Heating Fuel

	Verona, NJ	New Jersey	U.S.
Total Housing Units	4,872, 100%	3,152,877	112,611,029
Utility Gas	3,562, 73.11%, see rank	71.71%	50.14%
Bottled, Tank, or LP Gas	55, 1.13%, see rank	2.13%	5.58%
Electricity	335, 6.88%, see rank	10.53%	33.56%
Fuel Oil, Kerosene, etc.	851, 17.47%, see rank	14.72%	7.38%
Coal or Coke	8, 0.16%, see rank	0.05%	0.12%
Wood	0, 0.00%, see rank	0.32%	1.89%
Solar Energy	0, 0.00%, see rank	0.01%	0.03%
Other Fuel	10, 0.21%, see rank	0.28%	0.42%
No Fuel Used	51, 1.05%, see rank	0.26%	0.88%

*Based on 2005-2009 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Verona, NJ	New Jersey	U.S.
Occupied Units Paying Rent	990, 100%	999,842	35,101,833
$199 or Less	0, 0.00%, see rank	2.66%	2.52%
$200 to $299	53, 5.35%, see rank	2.99%	3.53%
$300 to $499	59, 5.96%, see rank	4.29%	10.66%
$500 to $699	71, 7.17%, see rank	7.34%	20.44%
$700 to $999	163, 16.46%, see rank	27.12%	29.94%
$1,000 to $1,499	528, 53.33%, see rank	37.53%	22.31%
$1,500 to $1,999	79, 7.98%, see rank	12.14%	6.90%
$2,000 or More	37, 3.74%, see rank	5.93%	3.71%
Median	$1,121, see rank	$1,059	$817

*Based on 2005-2009 data. View historical gross rent data.

Vehicle Available

	Verona, NJ	New Jersey	U.S.
Occupied Housing Units	4,872, 100%	3,152,877	112,611,029
No Vehicles Available	246, 5.05%, see rank	11.59%	8.80%
1 Vehicles Available	1,701, 34.91%, see rank	34.01%	33.21%
2 Vehicles Available	2,195, 45.05%, see rank	37.15%	37.98%
3 or More Vehicles Available	730, 14.98%, see rank	17.25%	20.01%

*Based on 2005-2009 data. View historical vehicle available data.