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 14,833 people, 5,751 houses or apartments, and a median cost of homes of $482,080, Hammonton real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Hammonton, accounting for 70.47% of the town's housing units. Other types of housing that are prevalent in Hammonton include duplexes, homes converted to apartments or other small apartment buildings ( 14.31%), large apartment complexes or high rise apartments ( 8.15%), and a few row houses and other attached homes ( 6.81%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hammonton. Owner-occupied housing accounts for 72.64% of Hammonton's homes, and 64.95% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Hammonton 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 Hammonton built between 1940-1969 ( 28.57%). A lesser amount of the housing stock also hails from before 1939 ( 19.12%). There's also some housing in Hammonton built between 2000 and later ( 16.54%).
Appreciation rates for homes in Hammonton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.92%, which ranks in the top 40% nationwide. This equates to an annual average Hammonton house appreciation rate of 7.33%.
Appreciation rates are so strong in Hammonton that despite a nationwide downturn in the housing market, Hammonton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hammonton appreciation rates continue to be some of the highest in America, at 14.02%, which is higher than appreciation rates in 96.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hammonton. Hammonton appreciation rates in the latest quarter were at 7.43%, which equates to an annual appreciation rate of 33.19%.
Importantly, this makes Hammonton one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to New Jersey, our data show that Hammonton's latest annual appreciation rate is higher than 80% 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 Hammonton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hammonton - 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 Hammonton real estate investment or home purchase decisions.
$482,080
for New jersey
for nation
5,751
$2,642 / per month