Camden, NJ Real Estate Market
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.
Date(s) & Update Frequency:
- Home Values, Rents: Reflects Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
Camden, NJ Housing Market Trends
With 70,996 people, 24,372 houses or apartments, and a median cost of homes of $116,483, house prices in Camden are some of the most affordable in New Jersey as well as the nation.
Row houses and other attached homes are the single most common housing type in Camden, accounting for 55.09% of the city's housing units. Other types of housing that are prevalent in Camden include large apartment complexes or high rise apartments ( 17.57%), duplexes, homes converted to apartments or other small apartment buildings ( 14.48%), and a few single-family detached homes ( 12.42%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
The most prevalent building size and type in Camden are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The city has a mixture of owners and renters, with 35.89% owning and 64.11% renting.
The housing in Camden was primarily built before 1939 ( 40.45%), making the housing stock in Camden some of the oldest overall in America, although there is a range of ages of homes in Camden. The next most important housing age is between 1940-1969 ( 35.51%), followed by between 1970-1999 ( 15.66%). There's also some housing in Camden built between 2000 and later ( 8.39%).
Vacant housing appears to be an issue in Camden. Fully 12.56% of the housing stock is classified as vacant. Left unchecked, vacant Camden homes and apartments can be a drag on the real estate market, holding Camden real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Camden Home Appreciation Rates
Camden's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Camden during the period has been just 5.59%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Camden's appreciation rate, at 7.25%, has been at or slightly above the national average. In the latest quarter, Camden's appreciation rate has been 1.44%, which annualizes to a rate of 5.90%.
Relative to New Jersey, our data show that Camden's latest annual appreciation rate is lower than 90% 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 city. Individual neighborhoods within Camden differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Camden - 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 Camden real estate investment or home purchase decisions.
Median Home Value
$116,483
Very Low
for New jersey
Very Low
for nation
Number of Homes And Apartments:
24,372
NJ
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$1,975 / per month