Thorofare, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Thorofare Neighborhoods Since 2000




Thorofare, 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

Thorofare Housing Market Information

With 11,865 people, 1,897 houses or apartments, and a median cost of homes of $293,835, Thorofare real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Thorofare, accounting for 52.50% of the town's housing units. Other types of housing that are prevalent in Thorofare include large apartment complexes or high rise apartments ( 27.29%), row houses and other attached homes ( 8.02%), and a few mobile homes or trailers ( 7.67%).

Dwellings in Thorofare tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.63% of the homes in Thorofare have two or fewer bedrooms.

There is a lot of housing in Thorofare 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 Thorofare built between 1940-1969 ( 29.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 25.88%). There's also some housing in Thorofare built before 1939 ( 6.29%).

Thorofare Home Appreciation Rates

Homes have actually lost value in Thorofare over the last then years, as home values have seen a decline of 22.91% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Thorofare home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Thorofare appreciation rates have trailed the rest of the nation. In the last twelve months, Thorofare's appreciation rate has been 1.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Thorofare were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Thorofare's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$293,835

Thorofare, NJ HOME PRICES

Value Range
> $1,040,000 0.3
$780,001 - $1,040,000 0.2
$520,001 - $780,000 1.7
$415,001 - $520,000 2.8
$312,001 - $415,000 21.1
$208,001 - $312,000 38.9
$104,001 - $208,000 23.9
$52,001 - $104,000 4.9
$0 - $52,000 6.1

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
16.8346419782023 66.0569105691057

Number Of Homes And Apartments:
1,897

Thorofare 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
37.87% 1.88% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,220 / per month

Homeownership Rate

Homeownership
Owners 67.42
Renters 32.58
Vacant 9.74

Housing Market Details

 

Age of Homes

AGE OF Thorofare HOMES
2000 or Newer 25.9
1970 - 1999 38.6
1940 - 1969 29.3
1939 or Older 6.3

Types of Homes

TYPE OF Thorofare HOMES
Single-Family 52.5
Townhomes 8.0
Small Apt. Buildings 4.5
Apt. Complexes 27.3
Mobile Homes 7.7
Other 0.0

Home Size

SIZE OF Thorofare HOMES
No Bedroom 1.49
1 Bedroom 19.69
2 Bedrooms 28.44
3 Bedrooms 29.23
4 Bedrooms 18.25
5 or more bedrooms 2.89