Voorhees, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Voorhees, NJ Real Estate Data


Voorhees Housing Market Information

With a population of 29,480, 1,976 total housing units (homes and apartments), and a median house value of $166,769, 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 57.01% of the town's housing units. Other types of housing that are prevalent in Voorhees include large apartment complexes or high rise apartments ( 27.47%), row houses and other attached homes ( 12.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.30%).

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 68.60% of Voorhees's homes, and 59.99% 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 ( 12.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.83%). There's also some housing in Voorhees built before 1939 ( 2.40%).

Voorhees Home Appreciation Rates

Real estate appreciation rates in Voorhees's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.08% during the period.

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 6.11%, which is higher than appreciation rates in 75.66% 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 1.31%, which equates to an annual appreciation rate of 5.34%.

Relative to New Jersey, our data show that Voorhees's latest annual appreciation rate is higher than 90% 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:
$166,769

Voorhees, NJ HOME PRICES

Value Range
> $1,130,000 0.1
$847,001 - $1,130,000 0.1
$565,001 - $847,000 1.4
$452,001 - $565,000 1.5
$339,001 - $452,000 5.7
$226,001 - $339,000 15.3
$113,001 - $226,000 48.8
$56,001 - $113,000 15.8
$0 - $56,000 11.4

Very Low for NJ
Average for Nation

Value Relative to Nation Value Relative to State
43.9889910405809 94.3089430894309

Number Of Homes And Apartments:
1,976

Rent & Ownership

 

Average Market Rent:
$932 / per month

Homeownership Rate

Homeownership
Owners 68.60
Renters 31.40
Vacant 3.57

Housing Market Details

 

Age of Homes

AGE OF Voorhees HOMES
2000 or Newer 8.8
1970 - 1999 76.3
1940 - 1969 12.5
1939 or Older 2.4

Types of Homes

TYPE OF Voorhees HOMES
Single-Family 57.0
Townhomes 12.1
Small Apt. Buildings 3.3
Apt. Complexes 27.5
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Voorhees HOMES
No Bedroom 2.89
1 Bedroom 15.51
2 Bedrooms 16.80
3 Bedrooms 26.96
4 Bedrooms 33.03
5 or more bedrooms 4.80

Voorhees Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
24.79% 1.31% 1 2
* 10 is highest