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 a population of 9,134, 4,390 total housing units (homes and apartments), and a median house value of $342,818, Villas real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Villas, accounting for 96.40% of the town's housing units. Other types of housing that are prevalent in Villas include row houses and other attached homes ( 1.50%), large apartment complexes or high rise apartments ( 1.37%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Villas. Owner-occupied housing accounts for 82.46% of Villas's homes, and 56.89% 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. Villas's housing was primarily built during this period, from the '40s through the '60s. A full 48.60% of the town's housing hails from this era. Other housing ages represented in Villas include homes built between 1970-1999 ( 34.87%) and housing constructed between 2000 and later ( 9.18%). There's also some housing in Villas built before 1939 ( 7.34%).
A decent proportion of the Villas housing stock is seasonally occupied. That is, homes and condos in Villas are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Villas housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Villas has experienced some of the highest home appreciation rates of any community in the nation. Villas real estate appreciated 108.51% over the last ten years, which is an average annual home appreciation rate of 7.62%, putting Villas in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Villas definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Villas that despite a nationwide downturn in the housing market, Villas real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Villas appreciation rates continue to be some of the highest in America, at 16.58%, which is higher than appreciation rates in 86.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Villas. Villas appreciation rates in the latest quarter were at 1.29%, which equates to an annual appreciation rate of 5.26%.
Relative to New Jersey, our data show that Villas's latest annual appreciation rate is higher than 90% of the other cities and towns in New Jersey.
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$2,799 / per month