Pleasantville, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pleasantville Neighborhoods Since 2000




Pleasantville, NJ Real Estate Data


Pleasantville Housing Market Information

With 20,755 people, 6,645 houses or apartments, and a median cost of homes of $145,612, Pleasantville real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Pleasantville homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Pleasantville, accounting for 54.25% of the city's housing units. Other types of housing that are prevalent in Pleasantville include large apartment complexes or high rise apartments ( 27.84%), duplexes, homes converted to apartments or other small apartment buildings ( 11.53%), and a few row houses and other attached homes ( 5.70%).

People in Pleasantville primarily live in small (one, two or no bedroom) single-family detached homes. Pleasantville has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Pleasantville 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 Pleasantville built between 1940-1969 ( 33.18%). A lesser amount of the housing stock also hails from before 1939 ( 19.50%). There's also some housing in Pleasantville built between 2000 and later ( 8.61%).

Vacant housing appears to be an issue in Pleasantville. Fully 11.14% of the housing stock is classified as vacant. Left unchecked, vacant Pleasantville homes and apartments can be a drag on the real estate market, holding Pleasantville 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.

Pleasantville Home Appreciation Rates

Homes have actually lost value in Pleasantville over the last then years, as home values have seen a decline of 50.72% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Pleasantville home appreciation rates at -2.59%, which equates to an annual appreciation rate of -9.97%.

Appreciation rates are so strong in Pleasantville that despite a nationwide downturn in the housing market, Pleasantville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pleasantville appreciation rates continue to be some of the highest in America, at 7.79%, which is higher than appreciation rates in 90.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pleasantville. Pleasantville appreciation rates in the latest quarter were at -2.59%, which equates to an annual appreciation rate of -9.97%.

Notably, Pleasantville's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$145,612

Pleasantville, NJ HOME PRICES

Value Range
> $895,000 1.6
$671,001 - $895,000 0.0
$447,001 - $671,000 1.0
$358,001 - $447,000 0.1
$268,001 - $358,000 6.5
$179,001 - $268,000 19.2
$89,001 - $179,000 55.0
$45,001 - $89,000 12.6
$0 - $45,000 4.0

Very Low for NJ
Average for Nation

Value Relative to Nation Value Relative to State
52.9015635064707 97.3577235772358

Number Of Homes And Apartments:
6,645

Rent & Ownership

 

Average Market Rent:
$1,254 / per month

Homeownership Rate

Homeownership
Owners 54.87
Renters 45.13
Vacant 11.14

Housing Market Details

 

Age of Homes

AGE OF Pleasantville HOMES
2000 or Newer 8.6
1970 - 1999 38.7
1940 - 1969 33.2
1939 or Older 19.5

Types of Homes

TYPE OF Pleasantville HOMES
Single-Family 54.3
Townhomes 5.7
Small Apt. Buildings 11.5
Apt. Complexes 27.8
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Pleasantville HOMES
No Bedroom 1.04
1 Bedroom 14.38
2 Bedrooms 39.68
3 Bedrooms 33.26
4 Bedrooms 7.98
5 or more bedrooms 3.66

Pleasantville 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
6.01% 0.34% 1 1
* 10 is highest