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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Glassboro, NJ Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Glassboro, NJ Housing Market Trends

With 23,600 people, 7,521 houses or apartments, and a median cost of homes of $347,372, Glassboro real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Glassboro homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Glassboro, accounting for 58.94% of the borough's housing units. Other types of housing that are prevalent in Glassboro include large apartment complexes or high rise apartments ( 25.23%), row houses and other attached homes ( 9.33%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.37%).

The most prevalent building size and type in Glassboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 50.72% owning and 49.28% renting.

There is a lot of housing in Glassboro 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 Glassboro built between 2000 and later ( 25.24%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.58%). There's also some housing in Glassboro built before 1939 ( 7.78%).

Glassboro Home Appreciation Rates

Real estate appreciation rates in Glassboro's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.65% during the period.

NeighborhoodScout's data show that during the latest twelve months, Glassboro's appreciation rate, at 6.29%, has been at or slightly above the national average. In the latest quarter, Glassboro's appreciation rate has been 0.82%, which annualizes to a rate of 3.32%.

Relative to New Jersey, our data show that Glassboro's latest annual appreciation rate is higher than 90% 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 Glassboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Glassboro - 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 Glassboro real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$347,372

Glassboro, NJ Home Prices
> $1,378,000
$1,033,001 - $1,378,000
$689,001 - $1,033,000
$551,001 - $689,000
$413,001 - $551,000
$276,001 - $413,000
$138,001 - $276,000
$69,001 - $138,000
$0 - $69,000
0.1%
0.1%
0.0%
0.0%
0.5%
0.5%
2.4%
2.4%
19.2%
19.2%
49.0%
49.0%
24.4%
24.4%
2.0%
2.0%
2.3%
2.3%
0% 100.0%
% of Homes
Very Low

for New jersey

High

for nation

Number of Homes And Apartments:

7,521

Glassboro Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,804 / per month

Homeownership Rate

Owners
Renters
50.7%
50.7%
49.3%
49.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.3%
9.3%
90.7%
90.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
25.2%
25.2%
42.4%
42.4%
24.6%
24.6%
7.8%
7.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
58.9%
58.9%
9.3%
9.3%
6.4%
6.4%
25.2%
25.2%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
10.0%
10.0%
28.2%
28.2%
34.8%
34.8%
23.3%
23.3%
2.4%
2.4%
0% 100.0%
% of Homes