States › New Jersey › 2024
In 2024 the FHFA house price index for New Jersey changed +8.8%, against +4.9% for the United States and +10.7% in 2023.
34,932 housing units were authorised by building permits in the state that year (14,807 single-family), +6.4% on 2023; the national total was 1,478,000.
+8.8% New Jersey index, 2023–2024 US +4.9%
34,932 housing units permitted in 2024 14,807 single-family
21 of 21 counties with a rising index median county +9.3%
1,478,000 units permitted nationally in 2024
Counties in 2024 Ranked by the county index change from 2023 to 2024 (FHFA annual county index). Permits are units authorised in 2024; per 1,000 uses the vintage 2025 population.
County Index change 2024 Units permitted Single-family Per 1,000 Cape May County +11.9% 895 660 9.6 Middlesex County +10.5% 1,792 677 2.0 Bergen County +9.9% 3,329 1,450 3.4 Somerset County +9.7% 635 320 1.8 Cumberland County +9.6% 253 120 1.6 Essex County +9.5% 3,827 298 4.3 Warren County +9.5% 720 298 6.4 Mercer County +9.4% 2,026 827 5.1 Passaic County +9.4% 852 209 1.6 Atlantic County +9.3% 647 383 2.3 Burlington County +9.3% 2,154 1,063 4.5 Union County +9.1% 1,696 212 2.8 Camden County +9.0% 970 434 1.8 Sussex County +8.4% 158 116 1.1 Monmouth County +8.3% 2,782 2,151 4.3 Gloucester County +8.1% 899 787 2.9 Morris County +8.0% 2,055 864 3.9 Ocean County +8.0% 3,706 2,808 5.5 Hunterdon County +7.9% 336 149 2.5 Salem County +7.1% 64 64 1.0 Hudson County +5.6% 5,136 917 7.0
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 .