Audubon, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Audubon Neighborhoods Since 2000




Audubon, NJ Real Estate Data


Audubon Housing Market Information

With a population of 8,730, 3,585 total housing units (homes and apartments), and a median house value of $232,722, 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 69.30% 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 ( 13.92%), large apartment complexes or high rise apartments ( 11.28%), and a few row houses and other attached homes ( 5.49%).

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 75.21% of Audubon's homes, and 59.70% have either three or four bedrooms, which is average sized relative to America.

The housing in Audubon was primarily built before 1939 ( 49.11%), 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 ( 37.61%), followed by between 1970-1999 ( 11.44%). There's also some housing in Audubon built between 2000 and later ( 1.84%).

Audubon Home Appreciation Rates

Real estate appreciation rates in Audubon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.67% during the period.

Appreciation rates are so strong in Audubon that despite a nationwide downturn in the housing market, Audubon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Audubon appreciation rates continue to be some of the highest in America, at 5.95%, which is higher than appreciation rates in 73.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Audubon. Audubon appreciation rates in the latest quarter were at 1.89%, which equates to an annual appreciation rate of 7.76%.

Relative to New Jersey, our data show that Audubon's latest annual appreciation rate is higher than 90% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$232,722

Audubon, NJ HOME PRICES

Value Range
> $1,115,000 0.4
$836,001 - $1,115,000 0.2
$557,001 - $836,000 0.4
$446,001 - $557,000 1.1
$334,001 - $446,000 7.7
$223,001 - $334,000 49.7
$112,001 - $223,000 34.7
$56,001 - $112,000 3.7
$0 - $56,000 1.9

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
26.0584411781929 80.4878048780488

Number Of Homes And Apartments:
3,585

Rent & Ownership

 

Average Market Rent:
$1,134 / per month

Homeownership Rate

Homeownership
Owners 75.21
Renters 24.79
Vacant 4.37

Housing Market Details

 

Age of Homes

AGE OF Audubon HOMES
2000 or Newer 1.8
1970 - 1999 11.4
1940 - 1969 37.6
1939 or Older 49.1

Types of Homes

TYPE OF Audubon HOMES
Single-Family 69.3
Townhomes 5.5
Small Apt. Buildings 13.9
Apt. Complexes 11.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Audubon HOMES
No Bedroom 1.44
1 Bedroom 13.63
2 Bedrooms 23.15
3 Bedrooms 42.62
4 Bedrooms 17.07
5 or more bedrooms 2.08

Audubon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
79.39% 3.50% 9 9
* 10 is highest