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 4,304 people, 1,910 houses or apartments, and a median cost of homes of $292,812, Westville real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Westville homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Westville, accounting for 53.57% of the borough's housing units. Other types of housing that are prevalent in Westville include duplexes, homes converted to apartments or other small apartment buildings ( 23.60%), large apartment complexes or high rise apartments ( 11.58%), and a few row houses and other attached homes ( 11.25%).
The most prevalent building size and type in Westville are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 58.95% owning and 41.05% renting.
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. Westville's housing was primarily built during this period, from the '40s through the '60s. A full 37.39% of the borough's housing hails from this era. Other housing ages represented in Westville include homes built before 1939 ( 35.71%) and housing constructed between 1970-1999 ( 25.95%).
Appreciation rates for homes in Westville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.10%, which ranks in the top 30% nationwide. This equates to an annual average Westville house appreciation rate of 7.45%.
Appreciation rates are so strong in Westville that despite a nationwide downturn in the housing market, Westville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Westville appreciation rates continue to be some of the highest in America, at 11.69%, which is higher than appreciation rates in 92.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Westville. Westville 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 Westville's latest annual appreciation rate is higher than 60% of the other cities and towns in New Jersey.
$292,812
for New jersey
for nation
1,910
$2,006 / per month