Moorestown-Lenola, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Moorestown-Lenola Housing Market Information

With 14,126 people, 5,046 houses or apartments, and a median cost of homes of $403,624, real estate costs in Moorestown-Lenola 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.

Single-family detached homes are the single most common housing type in Moorestown-Lenola, accounting for 72.80% of the town's housing units. Other types of housing that are prevalent in Moorestown-Lenola include large apartment complexes or high rise apartments ( 12.71%), row houses and other attached homes ( 9.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.40%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Moorestown-Lenola. Owner-occupied housing accounts for 77.93% of Moorestown-Lenola's homes, and 60.23% have either three or four bedrooms, which is average sized relative to America.

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. Moorestown-Lenola's housing was primarily built during this period, from the '40s through the '60s. A full 44.93% of the town's housing hails from this era. Other housing ages represented in Moorestown-Lenola include homes built before 1939 ( 30.31%) and housing constructed between 1970-1999 ( 21.36%). There's also some housing in Moorestown-Lenola built between 2000 and later ( 3.40%).

Moorestown-Lenola Home Appreciation Rates

Moorestown-Lenola's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Moorestown-Lenola during the period has been just 1.15%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Moorestown-Lenola's appreciation rate, at 4.48%, has been at or slightly above the national average. In the latest quarter, Moorestown-Lenola's appreciation rate has been 1.35%, which annualizes to a rate of 5.52%.

Relative to New Jersey, our data show that Moorestown-Lenola's latest annual appreciation rate is higher than 80% 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 Moorestown-Lenola differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Moorestown-Lenola - 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 Moorestown-Lenola real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$403,624

Moorestown-Lenola, NJ HOME PRICES

> $1,109,000
5.6%
5.6%
$831,001 - $1,109,000
9.7%
9.7%
$554,001 - $831,000
20.0%
20.0%
$444,001 - $554,000
14.9%
14.9%
$332,001 - $444,000
21.5%
21.5%
$222,001 - $332,000
18.1%
18.1%
$111,001 - $222,000
9.0%
9.0%
$55,001 - $111,000
0.4%
0.4%
$0 - $55,000
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for NJ

Value Relative To Nation

Number Of Homes And Apartments:
5,046

Moorestown-Lenola Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
79.45% 2.86%
6
6
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,709 / per month

Homeownership Rate

Owners
77.9%
77.9%
Renters
22.1%
22.1%
Vacant
6.7%
6.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
3.4%
3.4%
1970 - 1999
21.4%
21.4%
1940 - 1969
44.9%
44.9%
1939 or Older
30.3%
30.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
72.8%
72.8%
Townhomes
9.1%
9.1%
Small Apt. Buildings
5.4%
5.4%
Apt. Complexes
12.7%
12.7%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.8%
1.8%
1 Bedroom
5.9%
5.9%
2 Bedrooms
19.8%
19.8%
3 Bedrooms
29.3%
29.3%
4 Bedrooms
30.9%
30.9%
5 or more bedrooms
12.3%
12.3%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Moorestown-Lenola

Zip Codes in Moorestown-Lenola, NJ