Welcome to our 8648 real estate data hub, tailored for investors in Lawrence Township, NJ. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 8648 in Lawrence Township, NJ. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MERCER COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Lawrence Township, NJ real estate investing. Uncover the wealth of information available, and position yourself for success in the Lawrence Township property market.
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Location Overview
- Zip Code: 8648
- City: Lawrence Township
- State: NJ
- Metro Area: Trenton-Princeton, NJ
- County Name: MERCER COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $368,976
- Average Home Price (Single Family Homes): $404,124
- Average Monthly Rental Price (All Types): $2,546
- Price-to-Rent Ratio: 12
- Zillow Projected % appreciation from 4/2023-4/2024: 0.4%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $2,200
- Average 3 Bedroom Section 8 Rental Rates: $2,680
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 13.98
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 11.47
- Number of Units Offered in Section 8 in the County: 4621
- Number of Occupied Units in Section 8 in the County: 4346
- Percentage of Section 8 Units Occupied in the County: 94%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 141.43
- Total % Appreciation since 2000 (Government Data): 111.27
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 3.12%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 7.54%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 27.74%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 37.35%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 65.43%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 28.76%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 74.43%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 5.48%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 6.8%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%