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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Flanders, 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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Flanders, NJ Housing Market Trends

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%).

Flanders Home Appreciation Rates

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.

Average Home Values

Median Home Value

$659,038

Flanders Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,574 / per month

Homeownership Rate

Owners
Renters
61.4%
61.4%
38.6%
38.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.7%
2.7%
97.3%
97.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.5%
13.5%
54.2%
54.2%
27.5%
27.5%
4.8%
4.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.8%
61.8%
0.0%
0.0%
8.8%
8.8%
29.5%
29.5%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.5%
0.5%
22.7%
22.7%
18.9%
18.9%
13.2%
13.2%
40.7%
40.7%
3.9%
3.9%
0% 100.0%
% of Homes