Moorestown-Lenola, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Moorestown-Lenola Housing Market Information

With 14,126 people, 5,175 houses or apartments, and a median cost of homes of $381,074, 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 76.99% of the town's housing units. Other types of housing that are prevalent in Moorestown-Lenola include large apartment complexes or high rise apartments ( 11.39%), row houses and other attached homes ( 7.07%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.55%).

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 80.11% of Moorestown-Lenola's homes, and 59.28% 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 46.83% of the town's housing hails from this era. Other housing ages represented in Moorestown-Lenola include homes built before 1939 ( 29.71%) and housing constructed between 1970-1999 ( 19.95%). There's also some housing in Moorestown-Lenola built between 2000 and later ( 3.51%).

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 -0.18%, which is lower than 80% of US communities.

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 0.54%, 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 0.37%, which equates to an annual appreciation rate of 1.49%.

Relative to New Jersey, our data show that Moorestown-Lenola's latest annual appreciation rate is lower than 70% 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

 

Median Home Value:
$381,074

Moorestown-Lenola, NJ HOME PRICES

Value Range
> $1,046,000 4.8
$784,001 - $1,046,000 10.0
$523,001 - $784,000 20.4
$418,001 - $523,000 13.2
$314,001 - $418,000 22.2
$209,001 - $314,000 18.9
$104,001 - $209,000 8.7
$52,001 - $104,000 0.4
$0 - $52,000 1.4

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
12.2978102189781 48.2828282828283

Number Of Homes And Apartments:
5,175

Moorestown-Lenola Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
64.75% 2.63%
5
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,743 / per month

Homeownership Rate

Homeownership
Owners 80.11
Renters 19.89
Vacant 7.32

Housing Market Details

 

Age of Homes

AGE OF Moorestown-Lenola HOMES
2000 or Newer 3.5
1970 - 1999 19.9
1940 - 1969 46.8
1939 or Older 29.7

Types of Homes

TYPE OF Moorestown-Lenola HOMES
Single-Family 77.0
Townhomes 7.1
Small Apt. Buildings 4.5
Apt. Complexes 11.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Moorestown-Lenola HOMES
No Bedroom 1.61
1 Bedroom 5.73
2 Bedrooms 19.81
3 Bedrooms 27.99
4 Bedrooms 31.29
5 or more bedrooms 13.57

Popular Neighborhoods in Moorestown-Lenola

Zip Codes in Moorestown-Lenola, NJ