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 a population of 9,832, 3,730 total housing units (homes and apartments), and a median house value of $659,038, real estate costs in Flanders are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.
Single-family detached homes are the single most common housing type in Flanders, accounting for 61.78% of the town's housing units. Other types of housing that are prevalent in Flanders include large apartment complexes or high rise apartments ( 29.45%), duplexes, homes converted to apartments or other small apartment buildings ( 8.77%).
The most prevalent building size and type in Flanders are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.42% owning and 38.58% renting.
There is a lot of housing in Flanders 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 Flanders built between 1940-1969 ( 27.52%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.51%). There's also some housing in Flanders built before 1939 ( 4.77%).
Real estate appreciation rates in Flanders's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.96% during the period.
Appreciation rates are so strong in Flanders that despite a nationwide downturn in the housing market, Flanders real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Flanders appreciation rates continue to be some of the highest in America, at 10.55%, which is higher than appreciation rates in 89.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Flanders. Flanders appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New Jersey, our data show that Flanders's latest annual appreciation rate is lower than 50% of the other cities and towns in New Jersey.
$659,038
$3,574 / per month