Glassboro, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Glassboro Neighborhoods Since 2000




Glassboro, NJ Real Estate Data


Glassboro Housing Market Information

With a population of 19,216, 5,925 total housing units (homes and apartments), and a median house value of $203,705, 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 62.51% of the borough's housing units. Other types of housing that are prevalent in Glassboro include large apartment complexes or high rise apartments ( 18.67%), row houses and other attached homes ( 10.77%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.43%).

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 59.07% owning and 40.93% 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 1940-1969 ( 35.57%). A lesser amount of the housing stock also hails from before 1939 ( 9.06%). There's also some housing in Glassboro built between 2000 and later ( 7.75%).

Glassboro Home Appreciation Rates

Glassboro's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Glassboro during the period has been just -1.89%, which is lower than 80% of US communities.

Over the last year, Glassboro appreciation rates have trailed the rest of the nation. In the last twelve months, Glassboro's appreciation rate has been 3.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glassboro were at 1.89%, which equates to an annual appreciation rate of 7.76%.

Relative to New Jersey, our data show that Glassboro's latest annual appreciation rate is lower than 60% 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:
$203,705

Glassboro, NJ HOME PRICES

Value Range
> $1,043,000 0.0
$782,001 - $1,043,000 0.3
$522,001 - $782,000 0.3
$417,001 - $522,000 4.6
$313,001 - $417,000 6.0
$209,001 - $313,000 34.7
$104,001 - $209,000 46.7
$52,001 - $104,000 3.7
$0 - $52,000 3.7

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
32.1777829829595 87.1951219512195

Number Of Homes And Apartments:
5,925

Rent & Ownership

 

Average Market Rent:
$1,400 / per month

Homeownership Rate

Homeownership
Owners 59.07
Renters 40.93
Vacant 9.97

Housing Market Details

 

Age of Homes

AGE OF Glassboro HOMES
2000 or Newer 7.7
1970 - 1999 47.6
1940 - 1969 35.6
1939 or Older 9.1

Types of Homes

TYPE OF Glassboro HOMES
Single-Family 62.5
Townhomes 10.8
Small Apt. Buildings 7.4
Apt. Complexes 18.7
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Glassboro HOMES
No Bedroom 2.16
1 Bedroom 12.03
2 Bedrooms 22.61
3 Bedrooms 36.30
4 Bedrooms 21.27
5 or more bedrooms 5.62

Glassboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
48.12% 2.34% 3 6
* 10 is highest