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
With a population of 73,973, 25,195 total housing units (homes and apartments), and a median house value of $102,217, 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 54.12% of the city's housing units. Other types of housing that are prevalent in Camden include large apartment complexes or high rise apartments ( 18.30%), single-family detached homes ( 13.78%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.97%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which 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 37.83% owning and 62.17% renting.
The housing in Camden was primarily built before 1939 ( 38.05%), 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 ( 37.88%), followed by between 1970-1999 ( 13.69%). There's also some housing in Camden built between 2000 and later ( 10.38%).
Vacant housing appears to be an issue in Camden. Fully 17.71% 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.
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 1.85% during the period.
Over the last year, Camden appreciation rates have trailed the rest of the nation. In the last twelve months, Camden's appreciation rate has been 2.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Camden were at 1.63%, which equates to an annual appreciation rate of 6.66%.
Relative to New Jersey, our data show that Camden's latest annual appreciation rate is higher than 50% 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.
|$873,001 - $1,165,000||0.1|
|$582,001 - $873,000||0.7|
|$466,001 - $582,000||0.2|
|$350,001 - $466,000||1.3|
|$233,001 - $350,000||3.3|
|$117,001 - $233,000||23.2|
|$58,001 - $117,000||59.1|
|$0 - $58,000||11.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Camden HOMES|
|2000 or Newer||10.4|
|1970 - 1999||13.7|
|1940 - 1969||37.9|
|1939 or Older||38.0|
|TYPE OF Camden HOMES|
|Small Apt. Buildings||13.0|
|SIZE OF Camden HOMES|
|5 or more bedrooms||1.24|