Township of Washington, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Township of Washington Neighborhoods Since 2000




Township of Washington, 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

Township of Washington Housing Market Information

With 9,375 people, 1,647 houses or apartments, and a median cost of homes of $526,419, real estate costs in Township of Washington are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Single-family detached homes are the single most common housing type in Township of Washington, accounting for 86.77% of the town's housing units. Other types of housing that are prevalent in Township of Washington include row houses and other attached homes ( 9.26%), large apartment complexes or high rise apartments ( 3.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Township of Washington. Owner-occupied housing accounts for 93.27% of Township of Washington's homes, and 78.87% 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. Township of Washington's housing was primarily built during this period, from the '40s through the '60s. A full 71.00% of the town's housing hails from this era. Other housing ages represented in Township of Washington include homes built between 1970-1999 ( 20.21%) and housing constructed between 2000 and later ( 5.16%). There's also some housing in Township of Washington built before 1939 ( 3.63%).

Township of Washington Home Appreciation Rates

Township of Washington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Township of Washington during the period has been just -1.00%, which is lower than 70% of US communities.

Over the last year, Township of Washington appreciation rates have trailed the rest of the nation. In the last twelve months, Township of Washington's appreciation rate has been 2.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Township of Washington were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Township of Washington's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$526,419

Township of Washington 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
53.54% 2.52% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,314 / per month

Homeownership Rate

Homeownership
Owners 93.27
Renters 6.73
Vacant 4.72

Housing Market Details

 

Age of Homes

AGE OF Township of Washington HOMES
2000 or Newer 5.2
1970 - 1999 20.2
1940 - 1969 71.0
1939 or Older 3.6

Types of Homes

TYPE OF Township of Washington HOMES
Single-Family 86.8
Townhomes 9.3
Small Apt. Buildings 0.8
Apt. Complexes 3.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Township of Washington HOMES
No Bedroom 0.00
1 Bedroom 1.33
2 Bedrooms 12.97
3 Bedrooms 45.13
4 Bedrooms 33.73
5 or more bedrooms 6.83

Popular Neighborhoods in Township of Washington

Zip Codes in Township of Washington, NJ