Hammonton, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hammonton Neighborhoods Since 2000




Hammonton, 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

Hammonton Housing Market Information

With 14,618 people, 5,368 houses or apartments, and a median cost of homes of $247,399, Hammonton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hammonton, accounting for 72.38% of the town's housing units. Other types of housing that are prevalent in Hammonton include duplexes, homes converted to apartments or other small apartment buildings ( 11.44%), large apartment complexes or high rise apartments ( 10.23%), and a few row houses and other attached homes ( 5.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hammonton. Owner-occupied housing accounts for 67.87% of Hammonton's homes, and 60.28% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hammonton 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 Hammonton built between 1940-1969 ( 28.61%). A lesser amount of the housing stock also hails from before 1939 ( 21.91%). There's also some housing in Hammonton built between 2000 and later ( 16.32%).

Hammonton Home Appreciation Rates

Homes have actually lost value in Hammonton over the last then years, as home values have seen a decline of 19.23% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hammonton home appreciation rates at -5.44%, which equates to an annual appreciation rate of -20.04%.

Over the last year, Hammonton appreciation rates have trailed the rest of the nation. In the last twelve months, Hammonton's appreciation rate has been -3.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hammonton were at -5.44%, which equates to an annual appreciation rate of -20.04%.

Notably, Hammonton's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New Jersey, our data show that Hammonton's latest annual appreciation rate is lower than 90% 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 town. Individual neighborhoods within Hammonton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hammonton - 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 Hammonton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$247,399

Hammonton, NJ HOME PRICES

Value Range
> $1,006,000 0.5
$755,001 - $1,006,000 1.2
$503,001 - $755,000 1.6
$402,001 - $503,000 2.9
$302,001 - $402,000 20.4
$201,001 - $302,000 41.1
$101,001 - $201,000 29.3
$50,001 - $101,000 1.1
$0 - $50,000 2.0

Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
22.9520684401734 77.4390243902439

Number Of Homes And Apartments:
5,368

Hammonton 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
43.16% 2.10% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,471 / per month

Homeownership Rate

Homeownership
Owners 67.87
Renters 32.13
Vacant 8.75

Housing Market Details

 

Age of Homes

AGE OF Hammonton HOMES
2000 or Newer 16.3
1970 - 1999 33.2
1940 - 1969 28.6
1939 or Older 21.9

Types of Homes

TYPE OF Hammonton HOMES
Single-Family 72.4
Townhomes 5.8
Small Apt. Buildings 11.4
Apt. Complexes 10.2
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Hammonton HOMES
No Bedroom 2.40
1 Bedroom 7.68
2 Bedrooms 26.23
3 Bedrooms 40.39
4 Bedrooms 19.89
5 or more bedrooms 3.42