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 26,410, 6,918 total housing units (homes and apartments), and a median house value of $188,930, house prices in Bridgeton are solidly below the national average.
Single-family detached homes are the single most common housing type in Bridgeton, accounting for 41.49% of the city's housing units. Other types of housing that are prevalent in Bridgeton include row houses and other attached homes ( 26.44%), large apartment complexes or high rise apartments ( 17.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 14.37%).
Renters dominate Bridgeton's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
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. Bridgeton's housing was primarily built during this period, from the '40s through the '60s. A full 43.10% of the city's housing hails from this era. Other housing ages represented in Bridgeton include homes built before 1939 ( 23.86%) and housing constructed between 1970-1999 ( 23.34%). There's also some housing in Bridgeton built between 2000 and later ( 9.70%).
Bridgeton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bridgeton during the period has been just 4.79%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Bridgeton's appreciation rate, at 6.80%, has been at or slightly above the national average. In the latest quarter, Bridgeton's appreciation rate has been -0.52%, which annualizes to a rate of -2.07%.
Notably, Bridgeton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New Jersey, our data show that Bridgeton's latest annual appreciation rate is lower than 90% 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 city. Individual neighborhoods within Bridgeton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bridgeton - 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 Bridgeton real estate investment or home purchase decisions.
$188,930
for New jersey
for nation
6,918
$2,279 / per month