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 3,346 people, 1,284 houses or apartments, and a median cost of homes of $456,477, Sewell real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Sewell, accounting for 87.46% of the town's housing units. Other types of housing that are prevalent in Sewell include row houses and other attached homes ( 12.54%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sewell. Owner-occupied housing accounts for 99.06% of Sewell's homes, and 92.76% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Sewell 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 Sewell built between 1940-1969 ( 33.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.59%). There's also some housing in Sewell built before 1939 ( 5.45%).
Appreciation rates for homes in Sewell have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.38%, which ranks in the top 50% nationwide. This equates to an annual average Sewell house appreciation rate of 6.65%.
Appreciation rates are so strong in Sewell that despite a nationwide downturn in the housing market, Sewell real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sewell appreciation rates continue to be some of the highest in America, at 9.80%, which is higher than appreciation rates in 86.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sewell. Sewell 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 Sewell's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Sewell differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sewell - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Sewell real estate investment or home purchase decisions.
$456,477
for New jersey
for nation
1,284
$2,281 / per month