Pine Hill, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pine Hill Neighborhoods Since 2000




Pine Hill, 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

Pine Hill Housing Market Information

With a population of 10,510, 3,921 total housing units (homes and apartments), and a median house value of $154,162, Pine Hill real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Pine Hill homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Pine Hill, accounting for 49.68% of the borough's housing units. Other types of housing that are prevalent in Pine Hill include large apartment complexes or high rise apartments ( 27.81%), row houses and other attached homes ( 13.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.50%).

The most prevalent building size and type in Pine Hill are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 61.34% owning and 38.66% renting.

There is a lot of housing in Pine Hill built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Pine Hill built between 1940-1969 ( 29.71%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.62%). There's also some housing in Pine Hill built before 1939 ( 4.60%).

Pine Hill Home Appreciation Rates

Homes have actually lost value in Pine Hill over the last then years, as home values have seen a decline of 25.29% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Pine Hill home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Pine Hill appreciation rates have trailed the rest of the nation. In the last twelve months, Pine Hill's appreciation rate has been 2.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pine Hill were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$154,162

Pine Hill, NJ HOME PRICES

Value Range
> $1,035,000 0.2
$776,001 - $1,035,000 0.6
$517,001 - $776,000 0.5
$414,001 - $517,000 0.5
$311,001 - $414,000 1.8
$207,001 - $311,000 14.3
$103,001 - $207,000 67.2
$52,001 - $103,000 11.1
$0 - $52,000 3.7

Very Low for NJ
Average for Nation

Value Relative to Nation Value Relative to State
48.2831360600023 95.3252032520325

Number Of Homes And Apartments:
3,921

Pine Hill 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
35.28% 1.77% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,256 / per month

Homeownership Rate

Homeownership
Owners 61.34
Renters 38.66
Vacant 7.98

Housing Market Details

 

Age of Homes

AGE OF Pine Hill HOMES
2000 or Newer 6.6
1970 - 1999 59.1
1940 - 1969 29.7
1939 or Older 4.6

Types of Homes

TYPE OF Pine Hill HOMES
Single-Family 49.7
Townhomes 13.0
Small Apt. Buildings 9.5
Apt. Complexes 27.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pine Hill HOMES
No Bedroom 1.57
1 Bedroom 19.39
2 Bedrooms 25.65
3 Bedrooms 41.26
4 Bedrooms 10.98
5 or more bedrooms 1.15