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
With 9,233 people, 3,922 houses or apartments, and a median cost of homes of $180,103, 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.
Homes have actually lost value in Villas over the last then years, as home values have seen a decline of 25.63% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Villas home appreciation rates at -3.51%, which equates to an annual appreciation rate of -13.30%.
Over the last year, Villas appreciation rates have trailed the rest of the nation. In the last twelve months, Villas's appreciation rate has been 1.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Villas were at -3.51%, which equates to an annual appreciation rate of -13.30%.
Notably, Villas's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New Jersey, our data show that Villas's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.
|$759,001 - $1,013,000||0.5|
|$506,001 - $759,000||1.9|
|$405,001 - $506,000||1.7|
|$304,001 - $405,000||7.0|
|$202,001 - $304,000||30.9|
|$101,001 - $202,000||50.0|
|$51,001 - $101,000||3.5|
|$0 - $51,000||3.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Villas HOMES|
|2000 or Newer||5.3|
|1970 - 1999||32.9|
|1940 - 1969||55.5|
|1939 or Older||6.3|
|TYPE OF Villas HOMES|
|Small Apt. Buildings||1.4|
|SIZE OF Villas HOMES|
|5 or more bedrooms||0.82|