Pennsauken, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pennsauken Neighborhoods Since 2000




Pennsauken, 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

Pennsauken Housing Market Information

With a population of 17,188, 1,540 total housing units (homes and apartments), and a median house value of $143,230, 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 69.31% of the town's housing units. Other types of housing that are prevalent in Pennsauken include row houses and other attached homes ( 15.13%), duplexes, homes converted to apartments or other small apartment buildings ( 9.11%), and a few large apartment complexes or high rise apartments ( 6.45%).

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 80.58% of Pennsauken's homes, and 69.11% 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 64.90% of the town's housing hails from this era. Other housing ages represented in Pennsauken include homes built before 1939 ( 22.11%) and housing constructed between 1970-1999 ( 12.03%).

Vacant housing appears to be an issue in Pennsauken. Fully 10.63% of the housing stock is classified as vacant. Left unchecked, vacant Pennsauken homes and apartments can be a drag on the real estate market, holding Pennsauken 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.

Pennsauken Home Appreciation Rates

Homes have actually lost value in Pennsauken over the last then years, as home values have seen a decline of 23.89% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Pennsauken home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

NeighborhoodScout's data show that during the latest twelve months, Pennsauken's appreciation rate, at 4.62%, has been at or slightly above the national average. In the latest quarter, Pennsauken's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$143,230

Pennsauken, NJ HOME PRICES

Value Range
> $1,019,000 0.0
$765,001 - $1,019,000 0.2
$510,001 - $765,000 0.3
$408,001 - $510,000 0.9
$306,001 - $408,000 0.5
$204,001 - $306,000 13.3
$102,001 - $204,000 67.4
$51,001 - $102,000 15.9
$0 - $51,000 1.5

Very Low for NJ
Average for Nation

Value Relative to Nation Value Relative to State
53.1993437243642 96.9512195121951

Number Of Homes And Apartments:
1,540

Pennsauken 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
46.84% 2.25% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,231 / per month

Homeownership Rate

Homeownership
Owners 80.58
Renters 19.42
Vacant 10.63

Housing Market Details

 

Age of Homes

AGE OF Pennsauken HOMES
2000 or Newer 1.0
1970 - 1999 12.0
1940 - 1969 64.9
1939 or Older 22.1

Types of Homes

TYPE OF Pennsauken HOMES
Single-Family 69.3
Townhomes 15.1
Small Apt. Buildings 9.1
Apt. Complexes 6.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pennsauken HOMES
No Bedroom 2.24
1 Bedroom 5.07
2 Bedrooms 20.32
3 Bedrooms 55.03
4 Bedrooms 14.08
5 or more bedrooms 3.26