Hunterdon has long been regarded as a most desirable place to live, which means that there is an active market for housing, and home values have been rising, more or less steadily, for the last dozen years. Many municipalities are making an effort to alleviate the shortage of affordable housing, which often lags behind the growth in jobs in the region. Compared to other areas in the state, Hunterdon has relatively fewer apartments, townhouses and condos, and a greater proportion of single family dwellings on substantial acreage.
Although there are many large estates of 25 acres or more tucked back in the hills, the typical residential neighborhood in one of our towns consists of single family houses on a quarter acre lot. In more rural developments, 1-3 acre lots are common, with an occasionally larger (5-10 acre) requirement due to environmental considerations. The housing stock embraces a wide range, from very early stone Colonials, to Victorian "painted ladies," to modern four-bedroom, center-hall Colonials and contemporary homes. Most New Jersey residents are pleased to find that real estate taxes here are generally considerably lower than in more populated areas of the state.