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 about Scout's Real Estate Data
With 8,691 people, 3,329 houses or apartments, and a median cost of homes of $404,529, Audubon real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Audubon homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Audubon, accounting for 69.07% of the borough's housing units. Other types of housing that are prevalent in Audubon include duplexes, homes converted to apartments or other small apartment buildings ( 15.62%), large apartment complexes or high rise apartments ( 11.02%), and a few row houses and other attached homes ( 4.29%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Audubon. Owner-occupied housing accounts for 72.29% of Audubon's homes, and 63.81% have either three or four bedrooms, which is average sized relative to America.
The housing in Audubon was primarily built before 1939 ( 55.22%), making the housing stock in Audubon some of the oldest overall in America, although there is a range of ages of homes in Audubon. The next most important housing age is between 1940-1969 ( 33.45%), followed by between 1970-1999 ( 10.33%). There's also some housing in Audubon built between 2000 and later ( 1.00%).
Appreciation rates for homes in Audubon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.80%, which ranks in the top 50% nationwide. This equates to an annual average Audubon house appreciation rate of 6.67%.
Appreciation rates are so strong in Audubon that despite a nationwide downturn in the housing market, Audubon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Audubon appreciation rates continue to be some of the highest in America, at 10.16%, which is higher than appreciation rates in 88.07% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Audubon. Audubon appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.90%.
Relative to New Jersey, our data show that Audubon's latest annual appreciation rate is lower than 50% of the other cities and towns in New Jersey.
$404,529
for New jersey
for nation
3,329
$1,940 / per month