Lanoka Harbor, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lanoka Harbor, 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

Lanoka Harbor Housing Market Information

With a population of 12,626, 2,332 total housing units (homes and apartments), and a median house value of $289,556, Lanoka Harbor real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lanoka Harbor, accounting for 94.71% of the town's housing units. Other types of housing that are prevalent in Lanoka Harbor include large apartment complexes or high rise apartments ( 3.88%), row houses and other attached homes ( 1.18%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lanoka Harbor. Owner-occupied housing accounts for 89.29% of Lanoka Harbor's homes, and 78.62% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lanoka Harbor 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 Lanoka Harbor built between 1940-1969 ( 14.84%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.66%). There's also some housing in Lanoka Harbor built before 1939 ( 1.89%).

Lanoka Harbor Home Appreciation Rates

Lanoka Harbor's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lanoka Harbor during the period has been just -2.10%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Lanoka Harbor's appreciation rate, at 5.32%, has been at or slightly above the national average. In the latest quarter, Lanoka Harbor's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Lanoka Harbor's latest annual appreciation rate is higher than 80% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$289,556

Lanoka Harbor, NJ HOME PRICES

Value Range
> $1,085,000 0.9
$813,001 - $1,085,000 0.3
$542,001 - $813,000 6.5
$434,001 - $542,000 13.3
$325,001 - $434,000 27.2
$217,001 - $325,000 38.3
$108,001 - $217,000 10.6
$54,001 - $108,000 0.3
$0 - $54,000 2.6

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
17.3620063283722 67.6829268292683

Number Of Homes And Apartments:
2,332

Lanoka Harbor 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
66.50% 3.00% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,383 / per month

Homeownership Rate

Homeownership
Owners 89.29
Renters 10.71
Vacant 6.79

Housing Market Details

 

Age of Homes

AGE OF Lanoka Harbor HOMES
2000 or Newer 13.7
1970 - 1999 69.6
1940 - 1969 14.8
1939 or Older 1.9

Types of Homes

TYPE OF Lanoka Harbor HOMES
Single-Family 94.7
Townhomes 1.2
Small Apt. Buildings 0.2
Apt. Complexes 3.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lanoka Harbor HOMES
No Bedroom 2.62
1 Bedroom 1.37
2 Bedrooms 11.30
3 Bedrooms 47.45
4 Bedrooms 31.17
5 or more bedrooms 6.10

Popular Neighborhoods in Lanoka Harbor

Zip Codes in Lanoka Harbor, NJ