Camden, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Camden Neighborhoods Since 2000




Camden, 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

Camden Housing Market Information

With 76,119 people, 24,981 houses or apartments, and a median cost of homes of $93,764, 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 54.43% of the city's housing units. Other types of housing that are prevalent in Camden include large apartment complexes or high rise apartments ( 18.08%), duplexes, homes converted to apartments or other small apartment buildings ( 13.60%), and a few single-family detached homes ( 13.01%). 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 37.56% owning and 62.44% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Camden's housing was primarily built during this period, from the '40s through the '60s. A full 39.43% of the city's housing hails from this era. Other housing ages represented in Camden include homes built before 1939 ( 35.44%) and housing constructed between 1970-1999 ( 13.55%). There's also some housing in Camden built between 2000 and later ( 11.58%).

Vacant housing appears to be an issue in Camden. Fully 18.41% 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 -0.28% during the period.

NeighborhoodScout's data show that during the latest twelve months, Camden's appreciation rate, at 3.64%, has been at or slightly above the national average. In the latest quarter, Camden's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

Relative to New Jersey, our data show that Camden's latest annual appreciation rate is higher than 60% 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:
$93,764

Camden, NJ HOME PRICES

Value Range
> $1,093,000 0.4
$820,001 - $1,093,000 0.0
$546,001 - $820,000 0.2
$437,001 - $546,000 0.2
$328,001 - $437,000 1.4
$219,001 - $328,000 3.8
$109,001 - $219,000 25.5
$54,001 - $109,000 55.6
$0 - $54,000 13.0

Very Low for NJ
Very Low for Nation

Value Relative to Nation Value Relative to State
81.5012305168171 99.1869918699187

Number Of Homes And Apartments:
24,981

Camden 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
95.26% 3.96% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,205 / per month

Homeownership Rate

Homeownership
Owners 37.56
Renters 62.44
Vacant 18.41

Housing Market Details

 

Age of Homes

AGE OF Camden HOMES
2000 or Newer 11.6
1970 - 1999 13.5
1940 - 1969 39.4
1939 or Older 35.4

Types of Homes

TYPE OF Camden HOMES
Single-Family 13.0
Townhomes 54.4
Small Apt. Buildings 13.6
Apt. Complexes 18.1
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Camden HOMES
No Bedroom 3.11
1 Bedroom 15.08
2 Bedrooms 27.66
3 Bedrooms 43.89
4 Bedrooms 8.55
5 or more bedrooms 1.72