With 14,126 people, 5,104 houses or apartments, and a median cost of homes of $384,590, 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 74.15% of the town's housing units. Other types of housing that are prevalent in Moorestown-Lenola include large apartment complexes or high rise apartments ( 12.00%), row houses and other attached homes ( 8.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.57%).
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 78.24% of Moorestown-Lenola's homes, and 57.70% 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 44.25% of the town's housing hails from this era. Other housing ages represented in Moorestown-Lenola include homes built before 1939 ( 28.40%) and housing constructed between 1970-1999 ( 23.02%). There's also some housing in Moorestown-Lenola built between 2000 and later ( 4.33%).
Real estate appreciation rates in Moorestown-Lenola's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.77% during the period.
Over the last year, Moorestown-Lenola appreciation rates have trailed the rest of the nation. In the last twelve months, Moorestown-Lenola's appreciation rate has been 2.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Moorestown-Lenola were at 0.11%, which equates to an annual appreciation rate of 0.43%.
Relative to New Jersey, our data show that Moorestown-Lenola's latest annual appreciation rate is lower than 50% 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.
|$814,001 - $1,086,000||7.7|
|$543,001 - $814,000||18.6|
|$434,001 - $543,000||15.7|
|$325,001 - $434,000||23.7|
|$217,001 - $325,000||19.4|
|$108,001 - $217,000||8.8|
|$54,001 - $108,000||0.0|
|$0 - $54,000||0.9|
|Value Relative to Nation||Value Relative to State|
|AGE OF Moorestown-Lenola HOMES|
|2000 or Newer||4.3|
|1970 - 1999||23.0|
|1940 - 1969||44.3|
|1939 or Older||28.4|
|TYPE OF Moorestown-Lenola HOMES|
|Small Apt. Buildings||5.6|
|SIZE OF Moorestown-Lenola HOMES|
|5 or more bedrooms||13.03|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
2000 Q1 - 2016 Q4
|* 10 is highest|