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 8,716, 3,312 total housing units (homes and apartments), and a median house value of $385,325, Audubon real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Audubon homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Audubon, accounting for 71.02% of the borough's housing units. Other types of housing that are prevalent in Audubon include duplexes, homes converted to apartments or other small apartment buildings ( 15.27%), large apartment complexes or high rise apartments ( 8.92%), and a few row houses and other attached homes ( 4.78%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Audubon. Owner-occupied housing accounts for 75.66% of Audubon's homes, and 65.23% have either three or four bedrooms, which is average sized relative to America.
The housing in Audubon was primarily built before 1939 ( 59.14%), making the housing stock in Audubon some of the oldest overall in America, although there is a range of ages of homes in Audubon. The next most important housing age is between 1940-1969 ( 31.70%), followed by between 1970-1999 ( 7.88%). There's also some housing in Audubon built between 2000 and later ( 1.28%).
Appreciation rates for homes in Audubon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.71%, which ranks in the top 50% nationwide. This equates to an annual average Audubon house appreciation rate of 7.00%.
NeighborhoodScout's data show that during the latest twelve months, Audubon's appreciation rate, at 8.68%, has been at or slightly above the national average. In the latest quarter, Audubon's appreciation rate has been 1.61%, which annualizes to a rate of 6.61%.
Relative to New Jersey, our data show that Audubon's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.
$385,325
for New jersey
for nation
3,312
$1,856 / per month