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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 20,662 people, 6,682 houses or apartments, and a median cost of homes of $220,489, house prices in Pleasantville are solidly below the national average.
Single-family detached homes are the single most common housing type in Pleasantville, accounting for 56.16% of the city's housing units. Other types of housing that are prevalent in Pleasantville include large apartment complexes or high rise apartments ( 29.72%), duplexes, homes converted to apartments or other small apartment buildings ( 9.50%), and a few row houses and other attached homes ( 3.85%).
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.
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. Pleasantville's housing was primarily built during this period, from the '40s through the '60s. A full 29.05% of the city's housing hails from this era. Other housing ages represented in Pleasantville include homes built between 1970-1999 ( 28.38%) and housing constructed before 1939 ( 26.57%). There's also some housing in Pleasantville built between 2000 and later ( 16.01%).
Vacant housing appears to be an issue in Pleasantville. Fully 10.48% 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.
Appreciation rates for homes in Pleasantville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.58%, which ranks in the top 40% nationwide. This equates to an annual average Pleasantville house appreciation rate of 6.83%.
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 8.96%, which is higher than appreciation rates in 92.75% 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 6.49%, which equates to an annual appreciation rate of 28.59%.
Importantly, this makes Pleasantville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
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.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Pleasantville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pleasantville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Pleasantville real estate investment or home purchase decisions.
$220,489
for New jersey
for nation
6,682
$2,672 / per month