Fords, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fords Neighborhoods Since 2000




Fords, 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

Fords Housing Market Information

With a population of 15,376, 5,171 total housing units (homes and apartments), and a median house value of $323,245, real estate costs in Fords 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 Fords, accounting for 70.27% of the town's housing units. Other types of housing that are prevalent in Fords include large apartment complexes or high rise apartments ( 17.86%), duplexes, homes converted to apartments or other small apartment buildings ( 6.22%), and a few row houses and other attached homes ( 5.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fords. Owner-occupied housing accounts for 75.59% of Fords's homes, and 57.59% 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. Fords's housing was primarily built during this period, from the '40s through the '60s. A full 67.29% of the town's housing hails from this era. Other housing ages represented in Fords include homes built between 1970-1999 ( 15.96%) and housing constructed before 1939 ( 15.01%). There's also some housing in Fords built between 2000 and later ( 1.74%).

Fords Home Appreciation Rates

Fords's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fords during the period has been just -1.72%, which is lower than 80% of US communities.

Over the last year, Fords appreciation rates have trailed the rest of the nation. In the last twelve months, Fords's appreciation rate has been 2.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fords were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$323,245

Fords, NJ HOME PRICES

Value Range
> $1,071,000 0.0
$803,001 - $1,071,000 0.0
$536,001 - $803,000 1.6
$428,001 - $536,000 7.7
$321,001 - $428,000 36.2
$214,001 - $321,000 44.1
$107,001 - $214,000 6.6
$54,001 - $107,000 0.2
$0 - $54,000 3.7

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
14.268135474042 57.3170731707317

Number Of Homes And Apartments:
5,171

Fords 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
57.83% 2.68% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,642 / per month

Homeownership Rate

Homeownership
Owners 75.59
Renters 24.41
Vacant 4.28

Housing Market Details

 

Age of Homes

AGE OF Fords HOMES
2000 or Newer 1.7
1970 - 1999 16.0
1940 - 1969 67.3
1939 or Older 15.0

Types of Homes

TYPE OF Fords HOMES
Single-Family 70.3
Townhomes 5.6
Small Apt. Buildings 6.2
Apt. Complexes 17.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Fords HOMES
No Bedroom 1.28
1 Bedroom 14.70
2 Bedrooms 20.44
3 Bedrooms 35.73
4 Bedrooms 21.86
5 or more bedrooms 6.00