Lodi, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lodi Neighborhoods Since 2000




Lodi, 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

Lodi Housing Market Information

With 24,835 people, 9,061 houses or apartments, and a median cost of homes of $379,949, real estate costs in Lodi 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.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Lodi, accounting for 51.24% of the borough's housing units. Other types of housing that are prevalent in Lodi include single-family detached homes ( 24.10%), large apartment complexes or high rise apartments ( 18.39%), and a few row houses and other attached homes ( 4.76%). Boroughs with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs 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 Lodi primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Lodi has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lodi's housing was primarily built during this period, from the '40s through the '60s. A full 65.16% of the borough's housing hails from this era. Other housing ages represented in Lodi include homes built between 1970-1999 ( 16.40%) and housing constructed before 1939 ( 14.41%). There's also some housing in Lodi built between 2000 and later ( 4.02%).

Lodi Home Appreciation Rates

Homes have actually lost value in Lodi over the last then years, as home values have seen a decline of 20.19% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lodi home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

NeighborhoodScout's data show that during the latest twelve months, Lodi's appreciation rate, at 4.87%, has been at or slightly above the national average. In the latest quarter, Lodi's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$379,949

Lodi, NJ HOME PRICES

Value Range
> $1,108,000 0.0
$831,001 - $1,108,000 0.8
$554,001 - $831,000 4.3
$443,001 - $554,000 21.2
$332,001 - $443,000 41.0
$222,001 - $332,000 21.6
$111,001 - $222,000 7.8
$55,001 - $111,000 1.0
$0 - $55,000 2.3

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
10.4066565100199 45.1219512195122

Number Of Homes And Apartments:
9,061

Lodi 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
56.29% 2.62% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,694 / per month

Homeownership Rate

Homeownership
Owners 39.90
Renters 60.10
Vacant 7.00

Housing Market Details

 

Age of Homes

AGE OF Lodi HOMES
2000 or Newer 4.0
1970 - 1999 16.4
1940 - 1969 65.2
1939 or Older 14.4

Types of Homes

TYPE OF Lodi HOMES
Single-Family 24.1
Townhomes 4.8
Small Apt. Buildings 51.2
Apt. Complexes 18.4
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Lodi HOMES
No Bedroom 2.47
1 Bedroom 28.57
2 Bedrooms 33.14
3 Bedrooms 24.95
4 Bedrooms 7.93
5 or more bedrooms 2.93