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 a population of 9,706, 3,853 total housing units (homes and apartments), and a median house value of $388,873, Keansburg real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Keansburg homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Keansburg, accounting for 57.70% of the borough's housing units. Other types of housing that are prevalent in Keansburg include duplexes, homes converted to apartments or other small apartment buildings ( 19.99%), large apartment complexes or high rise apartments ( 14.90%), and a few row houses and other attached homes ( 5.34%).
People in Keansburg primarily live in small (one, two or no bedroom) single-family detached homes. Keansburg has a mixture of owner-occupied and renter-occupied housing.
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. Keansburg's housing was primarily built during this period, from the '40s through the '60s. A full 44.53% of the borough's housing hails from this era. Other housing ages represented in Keansburg include homes built between 1970-1999 ( 27.77%) and housing constructed before 1939 ( 19.79%). There's also some housing in Keansburg built between 2000 and later ( 7.91%).
Vacant housing appears to be an issue in Keansburg. Fully 12.37% of the housing stock is classified as vacant. Left unchecked, vacant Keansburg homes and apartments can be a drag on the real estate market, holding Keansburg 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.
In the last 10 years, Keansburg has experienced some of the highest home appreciation rates of any community in the nation. Keansburg real estate appreciated 125.50% over the last ten years, which is an average annual home appreciation rate of 8.47%, putting Keansburg in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Keansburg definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Keansburg that despite a nationwide downturn in the housing market, Keansburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Keansburg appreciation rates continue to be some of the highest in America, at 8.47%, which is higher than appreciation rates in 75.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Keansburg. Keansburg appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New Jersey, our data show that Keansburg's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.
$388,873
for New jersey
for nation
3,853
$3,232 / per month