Camden NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Camden Housing Market Information

With a population of 73,562, 24,727 total housing units (homes and apartments), and a median house value of $102,018, 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 54.42% of the city's housing units. Other types of housing that are prevalent in Camden include large apartment complexes or high rise apartments ( 18.19%), single-family detached homes ( 14.07%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.48%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

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 37.69% owning and 62.31% renting.

The housing in Camden was primarily built before 1939 ( 40.14%), 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 ( 37.36%), followed by between 1970-1999 ( 13.42%). There's also some housing in Camden built between 2000 and later ( 9.07%).

Vacant housing appears to be an issue in Camden. Fully 17.41% 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 2.03% during the period.

NeighborhoodScout's data show that during the latest twelve months, Camden's appreciation rate, at 3.84%, has been at or slightly above the national average. In the latest quarter, Camden's appreciation rate has been 1.35%, which annualizes to a rate of 5.50%.

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:
$102,018

Camden, NJ HOME PRICES

Value Range
> $1,175,000 0.1
$881,001 - $1,175,000 0.2
$587,001 - $881,000 0.4
$470,001 - $587,000 0.1
$353,001 - $470,000 0.9
$235,001 - $353,000 2.8
$117,001 - $235,000 24.2
$59,001 - $117,000 58.3
$0 - $59,000 13.0

Very Low for NJ
Very Low for Nation

Value Relative to Nation Value Relative to State
85.3897810218978 99.5959595959596

Number Of Homes And Apartments:
24,727

Camden Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
124.32% 3.97%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,342 / per month

Homeownership Rate

Homeownership
Owners 37.69
Renters 62.31
Vacant 17.41

Housing Market Details

 

Age of Homes

AGE OF Camden HOMES
2000 or Newer 9.1
1970 - 1999 13.4
1940 - 1969 37.4
1939 or Older 40.1

Types of Homes

TYPE OF Camden HOMES
Single-Family 14.1
Townhomes 54.4
Small Apt. Buildings 12.5
Apt. Complexes 18.2
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Camden HOMES
No Bedroom 3.90
1 Bedroom 13.68
2 Bedrooms 27.77
3 Bedrooms 46.18
4 Bedrooms 7.27
5 or more bedrooms 1.21