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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 4,014 people, 1,849 houses or apartments, and a median cost of homes of $373,282, Bordentown real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Bordentown, accounting for 30.06% 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 ( 24.76%), row houses and other attached homes ( 22.78%), and a few large apartment complexes or high rise apartments ( 22.40%).
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 ( 60.89%), 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 ( 20.04%), followed by between 1970-1999 ( 16.09%). There's also some housing in Bordentown built between 2000 and later ( 2.99%).
Vacant housing appears to be an issue in Bordentown. Fully 10.93% 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's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bordentown during the period has been just 5.25%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Bordentown's appreciation rate, at 6.29%, has been at or slightly above the national average. In the latest quarter, Bordentown's appreciation rate has been 0.82%, which annualizes to a rate of 3.31%.
Relative to New Jersey, our data show that Bordentown's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bordentown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bordentown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bordentown real estate investment or home purchase decisions.
$373,282
for New jersey
for nation
1,849
$2,391 / per month