Voorhees, NJ Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Voorhees, NJ Housing Market Trends

With 29,283 people, 1,963 houses or apartments, and a median cost of homes of $223,293, Voorhees real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Voorhees homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Voorhees, accounting for 58.41% of the town's housing units. Other types of housing that are prevalent in Voorhees include large apartment complexes or high rise apartments ( 26.26%), row houses and other attached homes ( 12.50%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.84%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Voorhees. Owner-occupied housing accounts for 67.62% of Voorhees's homes, and 61.73% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Voorhees 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 Voorhees built between 1940-1969 ( 12.00%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.38%). There's also some housing in Voorhees built before 1939 ( 1.47%).

Voorhees Home Appreciation Rates

In the last 10 years, Voorhees has experienced some of the highest home appreciation rates of any community in the nation. Voorhees real estate appreciated 88.37% over the last ten years, which is an average annual home appreciation rate of 6.54%, putting Voorhees in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Voorhees 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 Voorhees that despite a nationwide downturn in the housing market, Voorhees real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Voorhees appreciation rates continue to be some of the highest in America, at 10.60%, which is higher than appreciation rates in 72.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Voorhees. Voorhees appreciation rates in the latest quarter were at 3.45%, which equates to an annual appreciation rate of 14.51%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Voorhees differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Voorhees - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Voorhees real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$223,293

Voorhees, NJ HOME PRICES

> $1,377,000
0.9%
0.9%
$1,033,001 - $1,377,000
0.6%
0.6%
$688,001 - $1,033,000
1.3%
1.3%
$551,001 - $688,000
3.4%
3.4%
$413,001 - $551,000
8.9%
8.9%
$275,001 - $413,000
19.7%
19.7%
$138,001 - $275,000
44.7%
44.7%
$69,001 - $138,000
14.3%
14.3%
$0 - $69,000
6.3%
6.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very Low for NJ

Value Relative To Nation

Number Of Homes And Apartments:
1,963

Voorhees Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
102.05% 3.33%
7
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,298 / per month

Homeownership Rate

Owners
67.6%
67.6%
Renters
32.4%
32.4%
Vacant
9.1%
9.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
11.4%
11.4%
1970 - 1999
75.2%
75.2%
1940 - 1969
12.0%
12.0%
1939 or Older
1.5%
1.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.4%
58.4%
Townhomes
12.5%
12.5%
Small Apt. Buildings
2.8%
2.8%
Apt. Complexes
26.3%
26.3%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.3%
3.3%
1 Bedroom
13.4%
13.4%
2 Bedrooms
16.3%
16.3%
3 Bedrooms
26.1%
26.1%
4 Bedrooms
35.7%
35.7%
5 or more bedrooms
5.3%
5.3%
0.0% 100.0%
% OF HOMES