AVENEL HOUSING MARKET INFORMATION With a population of 16,920, 5,629 total housing units (homes and apartments), and a median house value of $473,282, 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 41.09% of the town's housing units. Other types of housing that are prevalent in Avenel include large apartment complexes or high rise apartments ( 37.78%), duplexes, homes converted to apartments or other small apartment buildings ( 10.79%), and a few mobile homes or trailers ( 5.38%). 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. There is a lot of housing in Avenel built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Avenel built between 1940-1969 ( 34.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.55%). There's also some housing in Avenel built before 1939 ( 7.36%). AVENEL HOME APPRECIATION RATES 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 6.65% during the period. Appreciation rates are so strong in Avenel that despite a nationwide downturn in the housing market, Avenel real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Avenel appreciation rates continue to be some of the highest in America, at 11.98%, which is higher than appreciation rates in 94.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Avenel. Avenel appreciation rates in the latest quarter were at 2.11%, which equates to an annual appreciation rate of 8.71%. Relative to New Jersey, our data show that Avenel's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.