Villas, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Villas Neighborhoods Since 2000




Villas, NJ Real Estate Data


Villas Housing Market Information

With a population of 9,233, 3,922 total housing units (homes and apartments), and a median house value of $186,378, Villas real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Villas homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Villas, accounting for 96.36% of the town's housing units. Other types of housing that are prevalent in Villas include duplexes, homes converted to apartments or other small apartment buildings ( 1.38%), row houses and other attached homes ( 1.25%), and a few large apartment complexes or high rise apartments ( 1.00%).

Dwellings in Villas tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.24% of the homes in Villas have two or fewer bedrooms.

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 55.47% of the town's housing hails from this era. Other housing ages represented in Villas include homes built between 1970-1999 ( 32.87%) and housing constructed before 1939 ( 6.30%). There's also some housing in Villas built between 2000 and later ( 5.35%).

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.

Villas Home Appreciation Rates

Homes have actually lost value in Villas over the last then years, as home values have seen a decline of 23.52% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Villas home appreciation rates at 6.36%, which equates to an annual appreciation rate of 27.99%.

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 6.00%, which is higher than appreciation rates in 73.00% 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 6.36%, which equates to an annual appreciation rate of 27.99%.

Importantly, this makes Villas one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$186,378

Villas, NJ HOME PRICES

Value Range
> $1,048,000 0.3
$786,001 - $1,048,000 0.5
$524,001 - $786,000 1.9
$419,001 - $524,000 1.7
$314,001 - $419,000 7.0
$209,001 - $314,000 30.9
$105,001 - $209,000 50.0
$52,001 - $105,000 3.5
$0 - $52,000 3.6

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
35.5795148247978 89.0243902439024

Number Of Homes And Apartments:
3,922

Rent & Ownership

 

Average Market Rent:
$1,572 / per month

Homeownership Rate

Homeownership
Owners 76.01
Renters 23.99
Vacant 35.44

Housing Market Details

 

Age of Homes

AGE OF Villas HOMES
2000 or Newer 5.3
1970 - 1999 32.9
1940 - 1969 55.5
1939 or Older 6.3

Types of Homes

TYPE OF Villas HOMES
Single-Family 96.4
Townhomes 1.3
Small Apt. Buildings 1.4
Apt. Complexes 1.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Villas HOMES
No Bedroom 0.26
1 Bedroom 6.45
2 Bedrooms 44.53
3 Bedrooms 37.35
4 Bedrooms 10.58
5 or more bedrooms 0.82

Villas 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
80.79% 3.49% 9 9
* 10 is highest