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 21,500, 7,674 total housing units (homes and apartments), and a median house value of $741,011, real estate costs in Moorestown are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.
Moorestown is a township of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Moorestown than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Moorestown. Owner-occupied housing accounts for 84.20% of Moorestown's homes, and 64.02% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Moorestown 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 Moorestown built between 1940-1969 ( 29.27%). A lesser amount of the housing stock also hails from before 1939 ( 24.19%). There's also some housing in Moorestown built between 2000 and later ( 17.17%).
Moorestown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Moorestown during the period has been just 5.20%, which is lower than 80% of US communities.
Appreciation rates are so strong in Moorestown that despite a nationwide downturn in the housing market, Moorestown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Moorestown appreciation rates continue to be some of the highest in America, at 9.19%, which is higher than appreciation rates in 82.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Moorestown. Moorestown 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 Moorestown's latest annual appreciation rate is lower than 70% 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 township. Individual neighborhoods within Moorestown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Moorestown - 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 Moorestown real estate investment or home purchase decisions.
$741,011
for New jersey
for nation
7,674
$2,638 / per month