Flemington, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Flemington Neighborhoods Since 2000




Flemington, 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

Flemington Housing Market Information

With 4,641 people, 1,928 houses or apartments, and a median cost of homes of $306,782, Flemington real estate prices are well above average cost compared to national prices.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Flemington, accounting for 36.94% of the borough's housing units. Other types of housing that are prevalent in Flemington include large apartment complexes or high rise apartments ( 30.94%), single-family detached homes ( 28.32%), and a few row houses and other attached homes ( 3.80%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.

Flemington is dominated by renter-occupied one, two, or no bedrooms apartments. 66.46% of Flemington's dwellings are rentals.

The housing in Flemington was primarily built before 1939 ( 38.07%), making the housing stock in Flemington some of the oldest overall in America, although there is a range of ages of homes in Flemington. The next most important housing age is between 1940-1969 ( 30.52%), followed by between 1970-1999 ( 24.47%). There's also some housing in Flemington built between 2000 and later ( 6.94%).

Flemington Home Appreciation Rates

Flemington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Flemington during the period has been just -1.63%, which is lower than 80% of US communities.

Over the last year, Flemington appreciation rates have trailed the rest of the nation. In the last twelve months, Flemington's appreciation rate has been 3.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Flemington were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$306,782

Flemington, NJ HOME PRICES

Value Range
> $1,068,000 0.0
$801,001 - $1,068,000 1.2
$533,001 - $801,000 0.0
$427,001 - $533,000 7.4
$320,001 - $427,000 34.7
$213,001 - $320,000 38.6
$107,001 - $213,000 15.7
$53,001 - $107,000 0.0
$0 - $53,000 2.5

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
15.7799132778624 60.9756097560976

Number Of Homes And Apartments:
1,928

Flemington 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
44.86% 2.17% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,752 / per month

Homeownership Rate

Homeownership
Owners 33.54
Renters 66.46
Vacant 9.61

Housing Market Details

 

Age of Homes

AGE OF Flemington HOMES
2000 or Newer 6.9
1970 - 1999 24.5
1940 - 1969 30.5
1939 or Older 38.1

Types of Homes

TYPE OF Flemington HOMES
Single-Family 28.3
Townhomes 3.8
Small Apt. Buildings 36.9
Apt. Complexes 30.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Flemington HOMES
No Bedroom 3.66
1 Bedroom 31.55
2 Bedrooms 33.10
3 Bedrooms 21.85
4 Bedrooms 6.80
5 or more bedrooms 3.05