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 9,134 people, 4,402 houses or apartments, and a median cost of homes of $352,428, Villas real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Villas homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Villas, accounting for 96.85% of the town's housing units. Other types of housing that are prevalent in Villas include large apartment complexes or high rise apartments ( 1.46%), row houses and other attached homes ( 1.40%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Villas. Owner-occupied housing accounts for 84.98% of Villas's homes, and 58.90% 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. Villas's housing was primarily built during this period, from the '40s through the '60s. A full 42.68% of the town's housing hails from this era. Other housing ages represented in Villas include homes built between 1970-1999 ( 40.70%) and housing constructed before 1939 ( 8.37%). There's also some housing in Villas built between 2000 and later ( 8.25%).
A decent proportion of the Villas housing stock is seasonally occupied. That is, homes and condos in Villas are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Villas housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Villas have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 107.17%, which ranks in the top 30% nationwide. This equates to an annual average Villas house appreciation rate of 7.56%.
Over the last year, Villas appreciation rates have trailed the rest of the nation. In the last twelve months, Villas's appreciation rate has been 2.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Villas were at -2.88%, which equates to an annual appreciation rate of -11.01%.
Notably, Villas's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New Jersey, our data show that Villas's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.
$352,428
for New jersey
for nation
4,402
$2,362 / per month