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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.



Hamburg, 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

Hamburg, NJ Housing Market Trends

With 3,308 people, 1,457 houses or apartments, and a median cost of homes of $334,573, Hamburg real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Hamburg homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Hamburg, accounting for 41.81% of the borough's housing units. Other types of housing that are prevalent in Hamburg include row houses and other attached homes ( 28.48%), duplexes, homes converted to apartments or other small apartment buildings ( 17.05%), and a few large apartment complexes or high rise apartments ( 12.65%).

Dwellings in Hamburg tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 60.69% of the homes in Hamburg have two or fewer bedrooms.

There is a lot of housing in Hamburg 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 Hamburg built between 2000 and later ( 23.75%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.93%). There's also some housing in Hamburg built before 1939 ( 11.77%).

Hamburg Home Appreciation Rates

Hamburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hamburg during the period has been just 4.98%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Hamburg's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Hamburg's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.

Relative to New Jersey, our data show that Hamburg's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey.

Average Home Values

Median Home Value

$334,573

Hamburg, NJ Home Prices
> $1,315,000
$986,001 - $1,315,000
$657,001 - $986,000
$526,001 - $657,000
$394,001 - $526,000
$263,001 - $394,000
$131,001 - $263,000
$66,001 - $131,000
$0 - $66,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
4.9%
4.9%
21.0%
21.0%
43.9%
43.9%
26.5%
26.5%
2.3%
2.3%
1.4%
1.4%
0% 100.0%
% of Homes
Very Low

for New jersey

High

for nation

Number of Homes And Apartments:

1,457

Hamburg Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,117 / per month

Homeownership Rate

Owners
Renters
73.9%
73.9%
26.1%
26.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
1.4%
1.4%
98.6%
98.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.7%
23.7%
46.5%
46.5%
17.9%
17.9%
11.8%
11.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
41.8%
41.8%
28.5%
28.5%
17.1%
17.1%
12.7%
12.7%
0.0%
0.0%
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
0.8%
0.8%
12.7%
12.7%
47.2%
47.2%
31.5%
31.5%
7.8%
7.8%
0.0%
0.0%
0% 100.0%
% of Homes