Audubon, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Audubon Neighborhoods Since 2000




Audubon, NJ Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Audubon Housing Market Information

With a population of 8,730, 3,530 total housing units (homes and apartments), and a median house value of $225,540, Audubon real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Audubon homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Audubon, accounting for 69.94% of the borough's housing units. Other types of housing that are prevalent in Audubon include duplexes, homes converted to apartments or other small apartment buildings ( 15.50%), large apartment complexes or high rise apartments ( 10.08%), and a few row houses and other attached homes ( 4.49%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Audubon. Owner-occupied housing accounts for 75.03% of Audubon's homes, and 58.11% have either three or four bedrooms, which is average sized relative to America.

The housing in Audubon was primarily built before 1939 ( 49.57%), making the housing stock in Audubon some of the oldest overall in America, although there is a range of ages of homes in Audubon. The next most important housing age is between 1940-1969 ( 39.17%), followed by between 1970-1999 ( 9.51%). There's also some housing in Audubon built between 2000 and later ( 1.75%).

Audubon Home Appreciation Rates

Audubon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Audubon during the period has been just -1.38%, which is lower than 80% of US communities.

Over the last year, Audubon appreciation rates have trailed the rest of the nation. In the last twelve months, Audubon's appreciation rate has been -0.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Audubon were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Audubon's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$225,540

Audubon, NJ HOME PRICES

Value Range
> $1,048,000 0.5
$786,001 - $1,048,000 0.2
$524,001 - $786,000 0.5
$419,001 - $524,000 1.6
$314,001 - $419,000 5.6
$210,001 - $314,000 49.9
$105,001 - $210,000 35.8
$52,001 - $105,000 3.4
$0 - $52,000 2.5

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
26.7080745341615 81.0975609756098

Number Of Homes And Apartments:
3,530

Audubon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
68.75% 3.08% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,103 / per month

Homeownership Rate

Homeownership
Owners 75.03
Renters 24.97
Vacant 5.16

Housing Market Details

 

Age of Homes

AGE OF Audubon HOMES
2000 or Newer 1.7
1970 - 1999 9.5
1940 - 1969 39.2
1939 or Older 49.6

Types of Homes

TYPE OF Audubon HOMES
Single-Family 69.9
Townhomes 4.5
Small Apt. Buildings 15.5
Apt. Complexes 10.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Audubon HOMES
No Bedroom 0.83
1 Bedroom 15.56
2 Bedrooms 22.43
3 Bedrooms 44.47
4 Bedrooms 13.65
5 or more bedrooms 3.06