States › New Jersey › 2023
In 2023 the FHFA house price index for New Jersey changed +10.7%, against +5.7% for the United States and +14.9% in 2022.
32,840 housing units were authorised by building permits in the state that year (13,228 single-family), −11.0% on 2022; the national total was 1,511,102.
+10.7% New Jersey index, 2022–2023 US +5.7%
32,840 housing units permitted in 2023 13,228 single-family
21 of 21 counties with a rising index median county +10.9%
1,511,102 units permitted nationally in 2023
Counties in 2023 Ranked by the county index change from 2022 to 2023 (FHFA annual county index). Permits are units authorised in 2023; per 1,000 uses the vintage 2025 population.
County Index change 2023 Units permitted Single-family Per 1,000 Gloucester County +13.0% 940 889 3.0 Mercer County +12.9% 969 402 2.4 Camden County +12.7% 943 313 1.8 Salem County +12.7% 61 61 0.9 Atlantic County +12.1% 383 299 1.4 Burlington County +11.9% 1,676 1,074 3.5 Sussex County +11.8% 94 65 0.6 Cape May County +11.4% 803 548 8.6 Monmouth County +11.2% 2,525 1,962 3.9 Middlesex County +11.0% 2,335 745 2.6 Essex County +10.9% 3,781 273 4.2 Cumberland County +10.6% 103 103 0.7 Warren County +10.6% 402 204 3.6 Ocean County +10.4% 4,006 2,885 5.9 Hunterdon County +10.1% 310 133 2.4 Morris County +10.1% 1,479 708 2.8 Union County +10.0% 1,962 221 3.3 Somerset County +9.3% 577 323 1.6 Bergen County +9.0% 3,395 1,380 3.5 Passaic County +8.7% 784 196 1.5 Hudson County +6.7% 5,312 444 7.2
Permits by year, 1995–2025 Housing units authorised in New Jersey by year 0 20,000 40,000 1995: 21,521 units (18,341 single-family, 3,180 in multi-unit buildings) 1995 1996: 24,173 units (20,853 single-family, 3,320 in multi-unit buildings) 1997: 28,018 units (23,472 single-family, 4,546 in multi-unit buildings) 1998: 31,345 units (25,459 single-family, 5,886 in multi-unit buildings) 1999: 31,976 units (25,129 single-family, 6,847 in multi-unit buildings) 2000: 34,585 units (25,260 single-family, 9,325 in multi-unit buildings) 2000 2001: 28,267 units (21,503 single-family, 6,764 in multi-unit buildings) 2002: 30,441 units (22,379 single-family, 8,062 in multi-unit buildings) 2003: 32,984 units (22,163 single-family, 10,821 in multi-unit buildings) 2004: 35,936 units (22,429 single-family, 13,507 in multi-unit buildings) 2005: 38,588 units (22,264 single-family, 16,324 in multi-unit buildings) 2005 2006: 34,323 units (17,113 single-family, 17,210 in multi-unit buildings) 2007: 25,389 units (13,066 single-family, 12,323 in multi-unit buildings) 2008: 18,363 units (9,169 single-family, 9,194 in multi-unit buildings) 2009: 12,421 units (7,211 single-family, 5,210 in multi-unit buildings) 2010: 13,535 units (7,378 single-family, 6,157 in multi-unit buildings) 2010 2011: 12,952 units (6,475 single-family, 6,477 in multi-unit buildings) 2012: 17,939 units (7,279 single-family, 10,660 in multi-unit buildings) 2013: 24,209 units (10,377 single-family, 13,832 in multi-unit buildings) 2014: 28,155 units (11,019 single-family, 17,136 in multi-unit buildings) 2015: 30,560 units (10,518 single-family, 20,042 in multi-unit buildings) 2015 2016: 26,793 units (9,626 single-family, 17,167 in multi-unit buildings) 2017: 28,501 units (10,148 single-family, 18,353 in multi-unit buildings) 2018: 27,942 units (10,348 single-family, 17,594 in multi-unit buildings) 2019: 36,505 units (11,526 single-family, 24,979 in multi-unit buildings) 2020: 36,146 units (12,289 single-family, 23,857 in multi-unit buildings) 2020 2021: 37,094 units (13,913 single-family, 23,181 in multi-unit buildings) 2022: 36,906 units (13,185 single-family, 23,721 in multi-unit buildings) 2023: 32,840 units (13,228 single-family, 19,612 in multi-unit buildings) 2024: 34,932 units (14,807 single-family, 20,125 in multi-unit buildings) 2025: 27,661 units (12,820 single-family, 14,841 in multi-unit buildings) 2025 Housing units authorised in New Jersey by year
Source: Federal Housing Finance Agency annual state and county house price indexes (updated March 31, 2026); Census Bureau Building Permits Survey annual state and county files. Public domain. Methodology .