Pemberton, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pemberton Neighborhoods Since 2000




Pemberton, 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

Pemberton Housing Market Information

With 1,383 people, 605 houses or apartments, and a median cost of homes of $237,653, Pemberton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Pemberton, accounting for 64.35% of the borough's housing units. Other types of housing that are prevalent in Pemberton include duplexes, homes converted to apartments or other small apartment buildings ( 13.61%), row houses and other attached homes ( 11.09%), and a few large apartment complexes or high rise apartments ( 10.95%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pemberton. Owner-occupied housing accounts for 67.12% of Pemberton's homes, and 58.43% have either three or four bedrooms, which is average sized relative to America.

The housing in Pemberton was primarily built before 1939 ( 41.12%), making the housing stock in Pemberton some of the oldest overall in America, although there is a range of ages of homes in Pemberton. The next most important housing age is between 2000 and later ( 27.51%), followed by between 1940-1969 ( 18.64%). There's also some housing in Pemberton built between 1970-1999 ( 12.72%).

Vacant housing appears to be an issue in Pemberton. Fully 10.50% of the housing stock is classified as vacant. Left unchecked, vacant Pemberton homes and apartments can be a drag on the real estate market, holding Pemberton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Pemberton Home Appreciation Rates

Homes have actually lost value in Pemberton over the last then years, as home values have seen a decline of 20.29% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Pemberton home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Pemberton appreciation rates have trailed the rest of the nation. In the last twelve months, Pemberton's appreciation rate has been -3.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pemberton were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Pemberton's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$237,653

Pemberton, NJ HOME PRICES

Value Range
> $955,000 0.0
$716,001 - $955,000 0.0
$478,001 - $716,000 3.4
$382,001 - $478,000 0.7
$287,001 - $382,000 19.1
$191,001 - $287,000 46.3
$96,001 - $191,000 22.8
$48,001 - $96,000 4.7
$0 - $48,000 2.9

Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
24.5165826790109 78.6585365853659

Number Of Homes And Apartments:
605

Pemberton 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
48.11% 2.30% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,258 / per month

Homeownership Rate

Homeownership
Owners 67.12
Renters 32.88
Vacant 10.50

Housing Market Details

 

Age of Homes

AGE OF Pemberton HOMES
2000 or Newer 27.5
1970 - 1999 12.7
1940 - 1969 18.6
1939 or Older 41.1

Types of Homes

TYPE OF Pemberton HOMES
Single-Family 64.3
Townhomes 11.1
Small Apt. Buildings 13.6
Apt. Complexes 10.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pemberton HOMES
No Bedroom 0.59
1 Bedroom 14.50
2 Bedrooms 23.52
3 Bedrooms 42.01
4 Bedrooms 16.42
5 or more bedrooms 2.96