Runnemede, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Runnemede Neighborhoods Since 2000




Runnemede, NJ Real Estate Data


Runnemede Housing Market Information

With a population of 8,381, 3,114 total housing units (homes and apartments), and a median house value of $172,410, Runnemede real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Runnemede homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Runnemede, accounting for 71.56% of the borough's housing units. Other types of housing that are prevalent in Runnemede include large apartment complexes or high rise apartments ( 17.28%), duplexes, homes converted to apartments or other small apartment buildings ( 8.43%), and a few row houses and other attached homes ( 2.72%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Runnemede. Owner-occupied housing accounts for 72.22% of Runnemede's homes, and 57.74% 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. Runnemede's housing was primarily built during this period, from the '40s through the '60s. A full 58.30% of the borough's housing hails from this era. Other housing ages represented in Runnemede include homes built between 1970-1999 ( 27.82%) and housing constructed before 1939 ( 10.48%). There's also some housing in Runnemede built between 2000 and later ( 3.40%).

Runnemede Home Appreciation Rates

Homes have actually lost value in Runnemede over the last then years, as home values have seen a decline of 25.11% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Runnemede home appreciation rates at -1.41%, which equates to an annual appreciation rate of -5.51%.

Over the last year, Runnemede appreciation rates have trailed the rest of the nation. In the last twelve months, Runnemede's appreciation rate has been -0.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Runnemede were at -1.41%, which equates to an annual appreciation rate of -5.51%.

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

Relative to New Jersey, our data show that Runnemede's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$172,410

Runnemede, NJ HOME PRICES

Value Range
> $1,002,000 0.0
$751,001 - $1,002,000 0.4
$501,001 - $751,000 0.7
$401,001 - $501,000 0.5
$300,001 - $401,000 1.9
$200,001 - $300,000 20.3
$100,001 - $200,000 72.3
$50,001 - $100,000 2.6
$0 - $50,000 1.3

Very Low for NJ
Average for Nation

Value Relative to Nation Value Relative to State
40.5543185280675 91.869918699187

Number Of Homes And Apartments:
3,114

Rent & Ownership

 

Average Market Rent:
$1,081 / per month

Homeownership Rate

Homeownership
Owners 72.22
Renters 27.78
Vacant 7.84

Housing Market Details

 

Age of Homes

AGE OF Runnemede HOMES
2000 or Newer 3.4
1970 - 1999 27.8
1940 - 1969 58.3
1939 or Older 10.5

Types of Homes

TYPE OF Runnemede HOMES
Single-Family 71.6
Townhomes 2.7
Small Apt. Buildings 8.4
Apt. Complexes 17.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Runnemede HOMES
No Bedroom 1.51
1 Bedroom 15.06
2 Bedrooms 22.91
3 Bedrooms 40.69
4 Bedrooms 17.05
5 or more bedrooms 2.78

Runnemede Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
42.87% 2.09% 3 5
* 10 is highest