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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 19,216, 6,077 total housing units (homes and apartments), and a median house value of $196,367, 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 60.81% of the borough's housing units. Other types of housing that are prevalent in Glassboro include large apartment complexes or high rise apartments ( 18.81%), row houses and other attached homes ( 10.17%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.71%).
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 58.89% owning and 41.11% 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 ( 31.01%). A lesser amount of the housing stock also hails from before 1939 ( 10.45%). There's also some housing in Glassboro built between 2000 and later ( 7.32%).
Vacant housing appears to be an issue in Glassboro. Fully 10.34% of the housing stock is classified as vacant. Left unchecked, vacant Glassboro homes and apartments can be a drag on the real estate market, holding Glassboro 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.
Homes have actually lost value in Glassboro over the last then years, as home values have seen a decline of 19.64% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Glassboro home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.
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 1.90%, 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 0.08%, which equates to an annual appreciation rate of 0.32%.
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.
|$786,001 - $1,048,000||0.2|
|$523,001 - $786,000||0.2|
|$419,001 - $523,000||3.9|
|$314,001 - $419,000||6.9|
|$210,001 - $314,000||32.3|
|$104,001 - $210,000||50.5|
|$52,001 - $104,000||2.5|
|$0 - $52,000||3.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Glassboro HOMES|
|2000 or Newer||7.3|
|1970 - 1999||51.2|
|1940 - 1969||31.0|
|1939 or Older||10.4|
|TYPE OF Glassboro HOMES|
|Small Apt. Buildings||9.7|
|SIZE OF Glassboro HOMES|
|5 or more bedrooms||4.31|