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 16,920, 5,394 total housing units (homes and apartments), and a median house value of $462,707, Avenel real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Avenel, accounting for 41.26% of the town's housing units. Other types of housing that are prevalent in Avenel include large apartment complexes or high rise apartments ( 36.52%), duplexes, homes converted to apartments or other small apartment buildings ( 10.89%), and a few mobile homes or trailers ( 6.00%).
People in Avenel primarily live in small (one, two or no bedroom) single-family detached homes. Avenel 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. Avenel's housing was primarily built during this period, from the '40s through the '60s. A full 39.22% of the town's housing hails from this era. Other housing ages represented in Avenel include homes built between 1970-1999 ( 37.70%) and housing constructed between 2000 and later ( 16.24%). There's also some housing in Avenel built before 1939 ( 6.85%).
Real estate appreciation rates in Avenel's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.42% during the period.
Over the last year, Avenel appreciation rates have trailed the rest of the nation. In the last twelve months, Avenel's appreciation rate has been 6.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Avenel were at 3.07%, which equates to an annual appreciation rate of 12.84%.
Relative to New Jersey, our data show that Avenel's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.
$462,707
for New jersey
for nation
5,394
$3,230 / per month