CLIFTON HOUSING MARKET INFORMATION With a population of 88,461, 32,897 total housing units (homes and apartments), and a median house value of $604,006, real estate costs in Clifton are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities. Single-family detached homes are the single most common housing type in Clifton, accounting for 45.26% of the city's housing units. Other types of housing that are prevalent in Clifton include duplexes, homes converted to apartments or other small apartment buildings ( 30.06%), large apartment complexes or high rise apartments ( 17.54%), and a few row houses and other attached homes ( 6.85%). People in Clifton primarily live in small (one, two or no bedroom) single-family detached homes. Clifton has a mixture of owner-occupied and renter-occupied housing. At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Clifton's housing was primarily built during this period, from the '40s through the '60s. A full 48.92% of the city's housing hails from this era. Other housing ages represented in Clifton include homes built before 1939 ( 29.83%) and housing constructed between 1970-1999 ( 12.92%). There's also some housing in Clifton built between 2000 and later ( 8.33%). CLIFTON HOME APPRECIATION RATES Appreciation rates for homes in Clifton have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 96.84%, which ranks in the top 50% nationwide. This equates to an annual average Clifton house appreciation rate of 7.01%. Appreciation rates are so strong in Clifton that despite a nationwide downturn in the housing market, Clifton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Clifton appreciation rates continue to be some of the highest in America, at 11.98%, which is higher than appreciation rates in 97.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Clifton. Clifton appreciation rates in the latest quarter were at 2.11%, which equates to an annual appreciation rate of 8.71%. Relative to New Jersey, our data show that Clifton's latest annual appreciation rate is higher than 80% of the other cities and towns in New Jersey. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Clifton differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Clifton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Clifton real estate investment or home purchase decisions.