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 17,736, 5,425 total housing units (homes and apartments), and a median house value of $283,098, Pennsauken real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Pennsauken homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Pennsauken, accounting for 73.47% of the town's housing units. Other types of housing that are prevalent in Pennsauken include duplexes, homes converted to apartments or other small apartment buildings ( 13.34%), row houses and other attached homes ( 8.81%), and a few large apartment complexes or high rise apartments ( 3.81%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pennsauken. Owner-occupied housing accounts for 76.81% of Pennsauken's homes, and 72.31% 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. Pennsauken's housing was primarily built during this period, from the '40s through the '60s. A full 57.79% of the town's housing hails from this era. Other housing ages represented in Pennsauken include homes built before 1939 ( 23.38%) and housing constructed between 1970-1999 ( 11.99%). There's also some housing in Pennsauken built between 2000 and later ( 6.84%).
Appreciation rates for homes in Pennsauken have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 112.92%, which ranks in the top 30% nationwide. This equates to an annual average Pennsauken house appreciation rate of 7.85%.
Appreciation rates are so strong in Pennsauken that despite a nationwide downturn in the housing market, Pennsauken real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pennsauken appreciation rates continue to be some of the highest in America, at 12.21%, which is higher than appreciation rates in 94.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pennsauken. Pennsauken 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 Pennsauken's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey.
$283,098
for New jersey
for nation
5,425
$1,904 / per month