Hamburg, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hamburg Neighborhoods Since 2000




Hamburg, NJ Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hamburg Housing Market Information

With 3,155 people, 1,415 houses or apartments, and a median cost of homes of $167,853, 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 43.40% of the borough's housing units. Other types of housing that are prevalent in Hamburg include row houses and other attached homes ( 26.93%), large apartment complexes or high rise apartments ( 22.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.99%).

Dwellings in Hamburg tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 64.77% 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 before 1939 ( 18.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.88%). There's also some housing in Hamburg built between 2000 and later ( 11.50%).

Hamburg Home Appreciation Rates

Homes have actually lost value in Hamburg over the last then years, as home values have seen a decline of 38.37% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hamburg home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Hamburg appreciation rates have trailed the rest of the nation. In the last twelve months, Hamburg's appreciation rate has been -15.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hamburg were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$167,853

Hamburg, NJ HOME PRICES

Value Range
> $896,000 0.0
$672,001 - $896,000 0.0
$448,001 - $672,000 0.9
$359,001 - $448,000 1.9
$269,001 - $359,000 11.1
$179,001 - $269,000 26.0
$90,001 - $179,000 56.4
$45,001 - $90,000 1.5
$0 - $45,000 2.2

Very Low for NJ
Average for Nation

Value Relative to Nation Value Relative to State
42.4997070198055 92.6829268292683

Number Of Homes And Apartments:
1,415

Hamburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
11.99% 0.66% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,909 / per month

Homeownership Rate

Homeownership
Owners 83.66
Renters 16.34
Vacant 7.52

Housing Market Details

 

Age of Homes

AGE OF Hamburg HOMES
2000 or Newer 11.5
1970 - 1999 57.2
1940 - 1969 12.9
1939 or Older 18.4

Types of Homes

TYPE OF Hamburg HOMES
Single-Family 43.4
Townhomes 26.9
Small Apt. Buildings 7.0
Apt. Complexes 22.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hamburg HOMES
No Bedroom 0.00
1 Bedroom 15.03
2 Bedrooms 49.74
3 Bedrooms 28.89
4 Bedrooms 5.03
5 or more bedrooms 1.31