Fort Dix, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fort Dix, 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

Fort Dix Housing Market Information

With 7,608 people, 885 houses or apartments, and a median cost of homes of $279,898, Fort Dix real estate prices are well above average cost compared to national prices.

Row houses and other attached homes are the single most common housing type in Fort Dix, accounting for 69.73% of the town's housing units. Other types of housing that are prevalent in Fort Dix include large apartment complexes or high rise apartments ( 15.09%), duplexes, homes converted to apartments or other small apartment buildings ( 9.57%), and a few single-family detached homes ( 5.61%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

Renters dominate Fort Dix's housing market, and most live in three of four bedroom dwellings, chiefly found in row houses and other attached homes.

Fort Dix homes and real estate are some of the newest in America. 62.38% of Fort Dix's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Fort Dix real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 15.67%), and between 1970-1999 ( 14.02%). There's also some housing in Fort Dix built before 1939 ( 7.93%).

Vacant housing appears to be an issue in Fort Dix. Fully 14.41% of the housing stock is classified as vacant. Left unchecked, vacant Fort Dix homes and apartments can be a drag on the real estate market, holding Fort Dix real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Fort Dix Home Appreciation Rates

Real estate appreciation rates in Fort Dix's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.65% during the period.

Over the last year, Fort Dix appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Dix's appreciation rate has been 2.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Dix were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Fort Dix's latest annual appreciation rate is higher than 50% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$279,898

Fort Dix 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
82.40% 3.55% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,842 / per month

Homeownership Rate

Homeownership
Owners 0.38
Renters 99.62
Vacant 14.41

Housing Market Details

 

Age of Homes

AGE OF Fort Dix HOMES
2000 or Newer 62.4
1970 - 1999 14.0
1940 - 1969 15.7
1939 or Older 7.9

Types of Homes

TYPE OF Fort Dix HOMES
Single-Family 5.6
Townhomes 69.7
Small Apt. Buildings 9.6
Apt. Complexes 15.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Fort Dix HOMES
No Bedroom 11.03
1 Bedroom 4.16
2 Bedrooms 17.21
3 Bedrooms 56.48
4 Bedrooms 11.12
5 or more bedrooms 0.00