Lambertville, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lambertville Neighborhoods Since 2000




Lambertville, 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

Lambertville Housing Market Information

With a population of 3,833, 2,040 total housing units (homes and apartments), and a median house value of $376,712, real estate costs in Lambertville are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Row houses and other attached homes are the single most common housing type in Lambertville, accounting for 36.11% of the city's housing units. Other types of housing that are prevalent in Lambertville include duplexes, homes converted to apartments or other small apartment buildings ( 22.49%), single-family detached homes ( 21.10%), and a few large apartment complexes or high rise apartments ( 20.30%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Lambertville primarily live in small (one, two or no bedroom) row houses and other attached homes. Lambertville has a mixture of owner-occupied and renter-occupied housing.

The housing in Lambertville was primarily built before 1939 ( 60.26%), making the housing stock in Lambertville some of the oldest overall in America, although there is a range of ages of homes in Lambertville. The next most important housing age is between 1970-1999 ( 16.98%), followed by between 1940-1969 ( 11.60%). There's also some housing in Lambertville built between 2000 and later ( 11.16%).

Lambertville Home Appreciation Rates

Lambertville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lambertville during the period has been just -0.88%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Lambertville's appreciation rate, at 4.48%, has been at or slightly above the national average. In the latest quarter, Lambertville's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$376,712

Lambertville, NJ HOME PRICES

Value Range
> $1,092,000 1.5
$819,001 - $1,092,000 4.4
$546,001 - $819,000 9.0
$437,001 - $546,000 15.3
$327,001 - $437,000 37.3
$218,001 - $327,000 23.5
$109,001 - $218,000 6.1
$55,001 - $109,000 1.1
$0 - $55,000 1.7

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
10.5472870033986 45.7317073170732

Number Of Homes And Apartments:
2,040

Lambertville 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
53.74% 2.52% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,690 / per month

Homeownership Rate

Homeownership
Owners 61.69
Renters 38.31
Vacant 8.60

Housing Market Details

 

Age of Homes

AGE OF Lambertville HOMES
2000 or Newer 11.2
1970 - 1999 17.0
1940 - 1969 11.6
1939 or Older 60.3

Types of Homes

TYPE OF Lambertville HOMES
Single-Family 21.1
Townhomes 36.1
Small Apt. Buildings 22.5
Apt. Complexes 20.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lambertville HOMES
No Bedroom 2.51
1 Bedroom 26.93
2 Bedrooms 28.58
3 Bedrooms 31.45
4 Bedrooms 9.63
5 or more bedrooms 0.90