Bordentown, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bordentown Neighborhoods Since 2000




Bordentown, 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

Bordentown Housing Market Information

With a population of 3,882, 1,797 total housing units (homes and apartments), and a median house value of $214,994, Bordentown real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Bordentown homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Bordentown, accounting for 34.72% of the city's housing units. Other types of housing that are prevalent in Bordentown include duplexes, homes converted to apartments or other small apartment buildings ( 24.83%), row houses and other attached homes ( 22.41%), and a few large apartment complexes or high rise apartments ( 16.49%).

People in Bordentown primarily live in small (one, two or no bedroom) single-family detached homes. Bordentown has a mixture of owner-occupied and renter-occupied housing.

The housing in Bordentown was primarily built before 1939 ( 53.25%), making the housing stock in Bordentown some of the oldest overall in America, although there is a range of ages of homes in Bordentown. The next most important housing age is between 1940-1969 ( 30.80%), followed by between 1970-1999 ( 11.69%). There's also some housing in Bordentown built between 2000 and later ( 4.27%).

Vacant housing appears to be an issue in Bordentown. Fully 12.85% of the housing stock is classified as vacant. Left unchecked, vacant Bordentown homes and apartments can be a drag on the real estate market, holding Bordentown real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bordentown Home Appreciation Rates

Homes have actually lost value in Bordentown over the last then years, as home values have seen a decline of 21.06% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bordentown home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Bordentown appreciation rates have trailed the rest of the nation. In the last twelve months, Bordentown's appreciation rate has been 0.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bordentown were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$214,994

Bordentown, NJ HOME PRICES

Value Range
> $1,039,000 0.0
$780,001 - $1,039,000 0.0
$520,001 - $780,000 1.0
$416,001 - $520,000 4.0
$312,001 - $416,000 13.7
$208,001 - $312,000 33.5
$104,001 - $208,000 44.9
$52,001 - $104,000 0.0
$0 - $52,000 2.9

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
28.7237782725888 82.9268292682927

Number Of Homes And Apartments:
1,797

Bordentown 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
46.31% 2.23% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,489 / per month

Homeownership Rate

Homeownership
Owners 48.70
Renters 51.30
Vacant 12.85

Housing Market Details

 

Age of Homes

AGE OF Bordentown HOMES
2000 or Newer 4.3
1970 - 1999 11.7
1940 - 1969 30.8
1939 or Older 53.2

Types of Homes

TYPE OF Bordentown HOMES
Single-Family 34.7
Townhomes 22.4
Small Apt. Buildings 24.8
Apt. Complexes 16.5
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Bordentown HOMES
No Bedroom 1.16
1 Bedroom 27.16
2 Bedrooms 27.45
3 Bedrooms 31.18
4 Bedrooms 10.52
5 or more bedrooms 2.52