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 11,144, 4,704 total housing units (homes and apartments), and a median house value of $630,269, real estate costs in Pompton Plains 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.
Single-family detached homes are the single most common housing type in Pompton Plains, accounting for 54.14% of the town's housing units. Other types of housing that are prevalent in Pompton Plains include large apartment complexes or high rise apartments ( 38.51%), row houses and other attached homes ( 4.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.67%).
Dwellings in Pompton Plains tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.10% of the homes in Pompton Plains have two or fewer bedrooms.
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. Pompton Plains's housing was primarily built during this period, from the '40s through the '60s. A full 40.43% of the town's housing hails from this era. Other housing ages represented in Pompton Plains include homes built between 1970-1999 ( 25.97%) and housing constructed between 2000 and later ( 25.60%). There's also some housing in Pompton Plains built before 1939 ( 8.00%).
Pompton Plains's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pompton Plains during the period has been just 4.55%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Pompton Plains's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Pompton Plains's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.
Relative to New Jersey, our data show that Pompton Plains's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.
$630,269
for New jersey
for nation
4,704
$3,209 / per month