Colonia, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Colonia Neighborhoods Since 2000




Colonia, 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

Colonia Housing Market Information

With 18,016 people, 5,814 houses or apartments, and a median cost of homes of $375,427, real estate costs in Colonia are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Single-family detached homes are the single most common housing type in Colonia, accounting for 90.94% of the town's housing units. Other types of housing that are prevalent in Colonia include large apartment complexes or high rise apartments ( 6.79%), duplexes, homes converted to apartments or other small apartment buildings ( 1.89%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Colonia. Owner-occupied housing accounts for 88.07% of Colonia's homes, and 78.79% have either three or four bedrooms, which is average sized relative to America.

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. Colonia's housing was primarily built during this period, from the '40s through the '60s. A full 74.47% of the town's housing hails from this era. Other housing ages represented in Colonia include homes built between 1970-1999 ( 17.09%) and housing constructed before 1939 ( 5.81%). There's also some housing in Colonia built between 2000 and later ( 2.62%).

Colonia Home Appreciation Rates

Colonia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Colonia during the period has been just -1.12%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Colonia's appreciation rate, at 3.83%, has been at or slightly above the national average. In the latest quarter, Colonia's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Colonia'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 town. Individual neighborhoods within Colonia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Colonia - 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 Colonia real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$375,427

Colonia, NJ HOME PRICES

Value Range
> $1,095,000 1.2
$821,001 - $1,095,000 0.9
$548,001 - $821,000 6.0
$438,001 - $548,000 13.3
$329,001 - $438,000 47.3
$219,001 - $329,000 26.2
$110,001 - $219,000 2.3
$55,001 - $110,000 0.5
$0 - $55,000 2.3

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
10.6293214578694 46.5447154471545

Number Of Homes And Apartments:
5,814

Colonia 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
65.18% 2.95% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,952 / per month

Homeownership Rate

Homeownership
Owners 88.07
Renters 11.93
Vacant 4.25

Housing Market Details

 

Age of Homes

AGE OF Colonia HOMES
2000 or Newer 2.6
1970 - 1999 17.1
1940 - 1969 74.5
1939 or Older 5.8

Types of Homes

TYPE OF Colonia HOMES
Single-Family 90.9
Townhomes 0.4
Small Apt. Buildings 1.9
Apt. Complexes 6.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Colonia HOMES
No Bedroom 0.35
1 Bedroom 5.83
2 Bedrooms 9.12
3 Bedrooms 45.32
4 Bedrooms 33.47
5 or more bedrooms 5.91