Oaklyn, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Oaklyn Neighborhoods Since 2000




Oaklyn, 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

Oaklyn Housing Market Information

With 3,992 people, 1,701 houses or apartments, and a median cost of homes of $200,176, Oaklyn real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Oaklyn homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Oaklyn, accounting for 63.95% of the borough's housing units. Other types of housing that are prevalent in Oaklyn include duplexes, homes converted to apartments or other small apartment buildings ( 15.20%), large apartment complexes or high rise apartments ( 15.09%), and a few row houses and other attached homes ( 5.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oaklyn. Owner-occupied housing accounts for 68.08% of Oaklyn's homes, and 54.89% 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. Oaklyn's housing was primarily built during this period, from the '40s through the '60s. A full 47.45% of the borough's housing hails from this era. Other housing ages represented in Oaklyn include homes built before 1939 ( 40.61%) and housing constructed between 1970-1999 ( 11.45%).

Oaklyn Home Appreciation Rates

Oaklyn's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Oaklyn during the period has been just -1.87%, which is lower than 80% of US communities.

Over the last year, Oaklyn appreciation rates have trailed the rest of the nation. In the last twelve months, Oaklyn's appreciation rate has been 2.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oaklyn were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Oaklyn's latest annual appreciation rate is higher than 50% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$200,176

Oaklyn, NJ HOME PRICES

Value Range
> $1,040,000 0.6
$780,001 - $1,040,000 0.0
$520,001 - $780,000 0.0
$415,001 - $520,000 0.7
$312,001 - $415,000 3.6
$208,001 - $312,000 34.5
$104,001 - $208,000 54.1
$52,001 - $104,000 2.4
$0 - $52,000 4.1

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
32.1926637759288 84.9593495934959

Number Of Homes And Apartments:
1,701

Oaklyn 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
68.18% 3.06% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,084 / per month

Homeownership Rate

Homeownership
Owners 68.08
Renters 31.92
Vacant 7.65

Housing Market Details

 

Age of Homes

AGE OF Oaklyn HOMES
2000 or Newer 0.5
1970 - 1999 11.5
1940 - 1969 47.4
1939 or Older 40.6

Types of Homes

TYPE OF Oaklyn HOMES
Single-Family 64.0
Townhomes 5.8
Small Apt. Buildings 15.2
Apt. Complexes 15.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Oaklyn HOMES
No Bedroom 1.30
1 Bedroom 22.53
2 Bedrooms 18.30
3 Bedrooms 44.35
4 Bedrooms 10.53
5 or more bedrooms 2.99