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 1,684, 730 total housing units (homes and apartments), and a median house value of $397,709, Glen Gardner real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Glen Gardner homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Glen Gardner, accounting for 48.21% of the borough's housing units. Other types of housing that are prevalent in Glen Gardner include large apartment complexes or high rise apartments ( 24.70%), duplexes, homes converted to apartments or other small apartment buildings ( 14.08%), and a few row houses and other attached homes ( 12.09%).
Dwellings in Glen Gardner tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 61.35% of the homes in Glen Gardner have two or fewer bedrooms.
There is a lot of housing in Glen Gardner 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 Glen Gardner built between 1940-1969 ( 20.58%). A lesser amount of the housing stock also hails from before 1939 ( 17.80%).
Glen Gardner's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Glen Gardner during the period has been just 5.00%, which is lower than 80% of US communities.
Appreciation rates are so strong in Glen Gardner that despite a nationwide downturn in the housing market, Glen Gardner real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Glen Gardner appreciation rates continue to be some of the highest in America, at 12.42%, which is higher than appreciation rates in 94.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Glen Gardner. Glen Gardner 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 Glen Gardner's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey.
$397,709
for New jersey
for nation
730
$2,638 / per month