Camden, NJ Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Camden, NJ Housing Market Trends

With 73,562 people, 24,652 houses or apartments, and a median cost of homes of $99,154, house prices in Camden are some of the most affordable in New Jersey as well as the nation.

Row houses and other attached homes are the single most common housing type in Camden, accounting for 54.39% of the city's housing units. Other types of housing that are prevalent in Camden include large apartment complexes or high rise apartments ( 19.11%), single-family detached homes ( 14.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.19%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

The most prevalent building size and type in Camden are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The city has a mixture of owners and renters, with 37.94% owning and 62.06% renting.

The housing in Camden was primarily built before 1939 ( 40.88%), making the housing stock in Camden some of the oldest overall in America, although there is a range of ages of homes in Camden. The next most important housing age is between 1940-1969 ( 37.09%), followed by between 1970-1999 ( 14.48%). There's also some housing in Camden built between 2000 and later ( 7.55%).

Vacant housing appears to be an issue in Camden. Fully 16.19% of the housing stock is classified as vacant. Left unchecked, vacant Camden homes and apartments can be a drag on the real estate market, holding Camden 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.

Camden Home Appreciation Rates

Real estate appreciation rates in Camden's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.14% during the period.

NeighborhoodScout's data show that during the latest twelve months, Camden's appreciation rate, at 6.05%, has been at or slightly above the national average. In the latest quarter, Camden's appreciation rate has been 2.66%, which annualizes to a rate of 11.08%.

Relative to New Jersey, our data show that Camden's latest annual appreciation rate is higher than 80% 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 Camden differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Camden - 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 Camden real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$99,154

Camden, NJ HOME PRICES

> $1,169,000
0.1%
0.1%
$877,001 - $1,169,000
0.2%
0.2%
$585,001 - $877,000
0.7%
0.7%
$467,001 - $585,000
0.2%
0.2%
$351,001 - $467,000
0.8%
0.8%
$234,001 - $351,000
3.5%
3.5%
$117,001 - $234,000
24.5%
24.5%
$58,001 - $117,000
54.6%
54.6%
$0 - $58,000
15.4%
15.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for NJ

Value Relative To Nation

Number Of Homes And Apartments:
24,652

Camden Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
123.88% 3.91%
9
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,312 / per month

Homeownership Rate

Owners
37.9%
37.9%
Renters
62.1%
62.1%
Vacant
16.2%
16.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.6%
7.6%
1970 - 1999
14.5%
14.5%
1940 - 1969
37.1%
37.1%
1939 or Older
40.9%
40.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
14.6%
14.6%
Townhomes
54.4%
54.4%
Small Apt. Buildings
11.2%
11.2%
Apt. Complexes
19.1%
19.1%
Mobile Homes
0.6%
0.6%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.8%
4.8%
1 Bedroom
12.9%
12.9%
2 Bedrooms
28.5%
28.5%
3 Bedrooms
45.6%
45.6%
4 Bedrooms
6.5%
6.5%
5 or more bedrooms
1.7%
1.7%
0.0% 100.0%
% OF HOMES