Willingboro, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Willingboro Neighborhoods Since 2000




Willingboro, NJ Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Willingboro Housing Market Information

With 31,270 people, 1,024 houses or apartments, and a median cost of homes of $161,371, Willingboro real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Willingboro homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Willingboro, accounting for 88.51% of the town's housing units. Other types of housing that are prevalent in Willingboro include row houses and other attached homes ( 7.29%), large apartment complexes or high rise apartments ( 3.71%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Willingboro. Owner-occupied housing accounts for 83.14% of Willingboro's homes, and 84.76% 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. Willingboro's housing was primarily built during this period, from the '40s through the '60s. A full 78.50% of the town's housing hails from this era. Other housing ages represented in Willingboro include homes built between 1970-1999 ( 15.64%) and housing constructed between 2000 and later ( 4.23%). There's also some housing in Willingboro built before 1939 ( 1.62%).

Willingboro Home Appreciation Rates

Homes have actually lost value in Willingboro over the last then years, as home values have seen a decline of 35.82% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Willingboro home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Willingboro appreciation rates have trailed the rest of the nation. In the last twelve months, Willingboro's appreciation rate has been -1.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Willingboro were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Willingboro's latest annual appreciation rate is lower 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 Willingboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Willingboro - 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 Willingboro real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$161,371

Willingboro, NJ HOME PRICES

Value Range
> $1,015,000 0.4
$761,001 - $1,015,000 0.0
$508,001 - $761,000 0.5
$406,001 - $508,000 0.5
$305,001 - $406,000 2.3
$203,001 - $305,000 18.2
$102,001 - $203,000 70.4
$51,001 - $102,000 5.9
$0 - $51,000 1.9

Very Low for NJ
Average for Nation

Value Relative to Nation Value Relative to State
45.0779327317473 93.9024390243902

Number Of Homes And Apartments:
1,024

Willingboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
27.31% 1.41% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,163 / per month

Homeownership Rate

Homeownership
Owners 83.14
Renters 16.86
Vacant 7.20

Housing Market Details

 

Age of Homes

AGE OF Willingboro HOMES
2000 or Newer 4.2
1970 - 1999 15.6
1940 - 1969 78.5
1939 or Older 1.6

Types of Homes

TYPE OF Willingboro HOMES
Single-Family 88.5
Townhomes 7.3
Small Apt. Buildings 0.3
Apt. Complexes 3.7
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Willingboro HOMES
No Bedroom 0.14
1 Bedroom 2.58
2 Bedrooms 7.55
3 Bedrooms 39.82
4 Bedrooms 44.94
5 or more bedrooms 4.96