Pennsville, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pennsville Neighborhoods Since 2000




Pennsville, 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

Pennsville Housing Market Information

With a population of 11,530, 4,689 total housing units (homes and apartments), and a median house value of $153,167, Pennsville real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Pennsville homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Pennsville, accounting for 79.05% of the town's housing units. Other types of housing that are prevalent in Pennsville include large apartment complexes or high rise apartments ( 9.67%), duplexes, homes converted to apartments or other small apartment buildings ( 6.46%), and a few mobile homes or trailers ( 4.04%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pennsville. Owner-occupied housing accounts for 76.50% of Pennsville's homes, and 60.52% 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. Pennsville's housing was primarily built during this period, from the '40s through the '60s. A full 52.58% of the town's housing hails from this era. Other housing ages represented in Pennsville include homes built between 1970-1999 ( 30.23%) and housing constructed before 1939 ( 11.39%). There's also some housing in Pennsville built between 2000 and later ( 5.79%).

Vacant housing appears to be an issue in Pennsville. Fully 10.96% of the housing stock is classified as vacant. Left unchecked, vacant Pennsville homes and apartments can be a drag on the real estate market, holding Pennsville 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.

Pennsville Home Appreciation Rates

Homes have actually lost value in Pennsville over the last then years, as home values have seen a decline of 30.17% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Pennsville home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Pennsville appreciation rates have trailed the rest of the nation. In the last twelve months, Pennsville's appreciation rate has been -4.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pennsville were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$153,167

Pennsville, NJ HOME PRICES

Value Range
> $931,000 0.0
$698,001 - $931,000 0.6
$465,001 - $698,000 1.0
$372,001 - $465,000 0.7
$279,001 - $372,000 3.7
$186,001 - $279,000 20.9
$93,001 - $186,000 59.2
$46,001 - $93,000 9.5
$0 - $46,000 4.4

Very Low for NJ
Average for Nation

Value Relative to Nation Value Relative to State
48.687448728466 95.9349593495935

Number Of Homes And Apartments:
4,689

Pennsville 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
18.71% 1.00% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,374 / per month

Homeownership Rate

Homeownership
Owners 76.50
Renters 23.50
Vacant 10.96

Housing Market Details

 

Age of Homes

AGE OF Pennsville HOMES
2000 or Newer 5.8
1970 - 1999 30.2
1940 - 1969 52.6
1939 or Older 11.4

Types of Homes

TYPE OF Pennsville HOMES
Single-Family 79.1
Townhomes 0.8
Small Apt. Buildings 6.5
Apt. Complexes 9.7
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Pennsville HOMES
No Bedroom 0.00
1 Bedroom 11.17
2 Bedrooms 26.93
3 Bedrooms 45.92
4 Bedrooms 14.60
5 or more bedrooms 1.39