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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.



Gloucester City, 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

Gloucester City, NJ Housing Market Trends

With 11,464 people, 4,061 houses or apartments, and a median cost of homes of $197,635, house prices in Gloucester City are solidly below the national average.

Single-family detached homes are the single most common housing type in Gloucester City, accounting for 44.66% of the city's housing units. Other types of housing that are prevalent in Gloucester City include row houses and other attached homes ( 28.16%), duplexes, homes converted to apartments or other small apartment buildings ( 11.73%), and a few large apartment complexes or high rise apartments ( 11.13%).

The most prevalent building size and type in Gloucester City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.49% owning and 40.51% renting.

The housing in Gloucester City was primarily built before 1939 ( 49.68%), making the housing stock in Gloucester City some of the oldest overall in America, although there is a range of ages of homes in Gloucester City. The next most important housing age is between 1940-1969 ( 25.08%), followed by between 1970-1999 ( 17.59%). There's also some housing in Gloucester City built between 2000 and later ( 7.65%).

Gloucester City Home Appreciation Rates

Appreciation rates for homes in Gloucester City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.73%, which ranks in the top 30% nationwide. This equates to an annual average Gloucester City house appreciation rate of 7.16%.

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

Relative to New Jersey, our data show that Gloucester City's latest annual appreciation rate is higher than 90% of the other cities and towns in New Jersey.

Average Home Values

Median Home Value

$197,635

Gloucester City, NJ Home Prices
> $1,428,000
$1,071,001 - $1,428,000
$714,001 - $1,071,000
$571,001 - $714,000
$429,001 - $571,000
$286,001 - $429,000
$143,001 - $286,000
$71,001 - $143,000
$0 - $71,000
1.5%
1.5%
0.4%
0.4%
0.9%
0.9%
0.4%
0.4%
4.2%
4.2%
23.0%
23.0%
46.0%
46.0%
17.4%
17.4%
6.2%
6.2%
0% 100.0%
% of Homes
Very Low

for New jersey

Low

for nation

Number of Homes And Apartments:

4,061

Gloucester City Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,265 / per month

Homeownership Rate

Owners
Renters
59.5%
59.5%
40.5%
40.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.5%
9.5%
90.5%
90.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.6%
7.6%
17.6%
17.6%
25.1%
25.1%
49.7%
49.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
44.7%
44.7%
28.2%
28.2%
11.7%
11.7%
11.1%
11.1%
4.3%
4.3%
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
1.7%
1.7%
15.4%
15.4%
21.3%
21.3%
41.9%
41.9%
18.0%
18.0%
1.7%
1.7%
0% 100.0%
% of Homes