Flanders, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Flanders Neighborhoods Since 2000




Flanders, 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

Flanders Housing Market Information

With 13,287 people, 2,459 houses or apartments, and a median cost of homes of $449,632, real estate costs in Flanders 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 Flanders, accounting for 51.81% of the town's housing units. Other types of housing that are prevalent in Flanders include large apartment complexes or high rise apartments ( 37.31%), duplexes, homes converted to apartments or other small apartment buildings ( 8.95%), and a few row houses and other attached homes ( 1.94%).

People in Flanders primarily live in small (one, two or no bedroom) single-family detached homes. Flanders has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Flanders 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 Flanders built between 1940-1969 ( 25.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.84%). There's also some housing in Flanders built before 1939 ( 4.21%).

Flanders Home Appreciation Rates

Flanders's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Flanders during the period has been just -2.03%, which is lower than 80% of US communities.

Over the last year, Flanders appreciation rates have trailed the rest of the nation. In the last twelve months, Flanders's appreciation rate has been 1.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Flanders were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Flanders's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$449,632

Flanders, NJ HOME PRICES

Value Range
> $1,075,000 2.0
$806,001 - $1,075,000 0.0
$538,001 - $806,000 12.2
$430,001 - $538,000 21.1
$323,001 - $430,000 33.5
$215,001 - $323,000 25.8
$108,001 - $215,000 2.9
$54,001 - $108,000 0.5
$0 - $54,000 2.0

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
7.42411812961444 31.3008130081301

Number Of Homes And Apartments:
2,459

Flanders 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
31.71% 1.61% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,383 / per month

Homeownership Rate

Homeownership
Owners 56.19
Renters 43.81
Vacant 8.04

Housing Market Details

 

Age of Homes

AGE OF Flanders HOMES
2000 or Newer 6.8
1970 - 1999 63.2
1940 - 1969 25.7
1939 or Older 4.2

Types of Homes

TYPE OF Flanders HOMES
Single-Family 51.8
Townhomes 1.9
Small Apt. Buildings 8.9
Apt. Complexes 37.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Flanders HOMES
No Bedroom 1.71
1 Bedroom 21.18
2 Bedrooms 28.22
3 Bedrooms 14.82
4 Bedrooms 31.07
5 or more bedrooms 3.00