Clementon, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Clementon Neighborhoods Since 2000




Clementon, NJ Real Estate Data


Clementon Housing Market Information

With a population of 4,947, 2,139 total housing units (homes and apartments), and a median house value of $127,052, house prices in Clementon are solidly below the national average.

Single-family detached homes are the single most common housing type in Clementon, accounting for 58.87% of the borough's housing units. Other types of housing that are prevalent in Clementon include large apartment complexes or high rise apartments ( 26.40%), row houses and other attached homes ( 9.02%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.71%).

Dwellings in Clementon tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 57.67% of the homes in Clementon have two or fewer bedrooms.

There is a lot of housing in Clementon built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Clementon built between 1940-1969 ( 40.42%). A lesser amount of the housing stock also hails from before 1939 ( 15.61%). There's also some housing in Clementon built between 2000 and later ( 1.37%).

Clementon Home Appreciation Rates

Homes have actually lost value in Clementon over the last then years, as home values have seen a decline of 28.27% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Clementon home appreciation rates at 1.89%, which equates to an annual appreciation rate of 7.76%.

Over the last year, Clementon appreciation rates have trailed the rest of the nation. In the last twelve months, Clementon's appreciation rate has been 2.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clementon were at 1.89%, which equates to an annual appreciation rate of 7.76%.

Relative to New Jersey, our data show that Clementon's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$127,052

Clementon, NJ HOME PRICES

Value Range
> $988,000 0.7
$741,001 - $988,000 0.0
$494,001 - $741,000 0.0
$395,001 - $494,000 0.0
$296,001 - $395,000 2.0
$198,001 - $296,000 16.5
$99,001 - $198,000 51.3
$49,001 - $99,000 21.0
$0 - $49,000 8.6

Very Low for NJ
Low for Nation

Value Relative to Nation Value Relative to State
62.51683550975 98.1707317073171

Number Of Homes And Apartments:
2,139

Rent & Ownership

 

Average Market Rent:
$900 / per month

Homeownership Rate

Homeownership
Owners 69.16
Renters 30.84
Vacant 5.40

Housing Market Details

 

Age of Homes

AGE OF Clementon HOMES
2000 or Newer 1.4
1970 - 1999 42.6
1940 - 1969 40.4
1939 or Older 15.6

Types of Homes

TYPE OF Clementon HOMES
Single-Family 58.9
Townhomes 9.0
Small Apt. Buildings 5.7
Apt. Complexes 26.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Clementon HOMES
No Bedroom 3.32
1 Bedroom 27.20
2 Bedrooms 27.16
3 Bedrooms 27.33
4 Bedrooms 12.56
5 or more bedrooms 2.43

Clementon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
28.83% 1.50% 1 3
* 10 is highest