Pennsauken, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pennsauken Neighborhoods Since 2000




Pennsauken, NJ Real Estate Data


Pennsauken Housing Market Information

With 17,188 people, 1,572 houses or apartments, and a median cost of homes of $146,697, Pennsauken real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Pennsauken homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Pennsauken, accounting for 68.81% of the town's housing units. Other types of housing that are prevalent in Pennsauken include row houses and other attached homes ( 13.70%), duplexes, homes converted to apartments or other small apartment buildings ( 8.91%), and a few large apartment complexes or high rise apartments ( 8.58%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pennsauken. Owner-occupied housing accounts for 78.02% of Pennsauken's homes, and 68.84% 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. Pennsauken's housing was primarily built during this period, from the '40s through the '60s. A full 65.24% of the town's housing hails from this era. Other housing ages represented in Pennsauken include homes built before 1939 ( 22.35%) and housing constructed between 1970-1999 ( 11.56%).

Pennsauken Home Appreciation Rates

Homes have actually lost value in Pennsauken over the last then years, as home values have seen a decline of 22.47% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Pennsauken home appreciation rates at 1.89%, which equates to an annual appreciation rate of 7.76%.

Over the last year, Pennsauken appreciation rates have trailed the rest of the nation. In the last twelve months, Pennsauken's appreciation rate has been 3.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pennsauken were at 1.89%, which equates to an annual appreciation rate of 7.76%.

Relative to New Jersey, our data show that Pennsauken's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$146,697

Pennsauken, NJ HOME PRICES

Value Range
> $970,000 0.2
$728,001 - $970,000 0.1
$485,001 - $728,000 0.3
$388,001 - $485,000 0.9
$291,001 - $388,000 0.9
$194,001 - $291,000 18.7
$97,001 - $194,000 62.8
$49,001 - $97,000 13.8
$0 - $49,000 2.2

Very Low for NJ
Average for Nation

Value Relative to Nation Value Relative to State
52.4389529776893 96.9512195121951

Number Of Homes And Apartments:
1,572

Rent & Ownership

 

Average Market Rent:
$1,096 / per month

Homeownership Rate

Homeownership
Owners 78.02
Renters 21.98
Vacant 9.72

Housing Market Details

 

Age of Homes

AGE OF Pennsauken HOMES
2000 or Newer 0.8
1970 - 1999 11.6
1940 - 1969 65.2
1939 or Older 22.4

Types of Homes

TYPE OF Pennsauken HOMES
Single-Family 68.8
Townhomes 13.7
Small Apt. Buildings 8.9
Apt. Complexes 8.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pennsauken HOMES
No Bedroom 1.86
1 Bedroom 6.60
2 Bedrooms 20.13
3 Bedrooms 52.11
4 Bedrooms 16.73
5 or more bedrooms 2.58

Pennsauken Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
48.17% 2.34% 4 6
* 10 is highest