Camden County Real Estate and Livability Trends
In Camden County, New Jersey, the real estate market is buzzing with activity, as the median home value rose from $196,800 in 2015 to $241,300 in 2022. Meanwhile, average taxable income per tax return jumped from $61,091.59 in 2013 to $81,950.56 in 2021. With state and local taxes nearly doubling in that period, this financial growth signals potentially lucrative opportunities for investors.... Read more
Camden County Market Trends
Camden County, New Jersey has experienced a notable rise in median home values, from $196,800 in 2015 to $241,300 in 2022, still significantly below the state median of $401,400. However, compared to the national median of $179,400, Camden County remains higher, which could attract investors interested in growth without statewide costs. Residential energy tax credits peaked at $3361.49 per return... Read more
Median Value of Occupied Housing Units in Camden County, New Jersey Over the Last 8 Years
Camden County, New Jersey has experienced a steady increase in median home values over the past eight years, jumping from $196,800 in 2015 to $241,300 in 2022, with a significant spike between 2021 and 2022. Although the local values are rising, they remain substantially lower than New Jersey's state median of $401,400 in 2022. Compared to the national median, which hit $179,400 in 2022, Camden County is positioned higher, making it a potentially attractive market for investors seeking growth in value without the higher costs seen statewide. This trend may appeal to those looking to invest, move, or build in a region showing consistent appreciation but still offers relative affordability within the state.
Residential Energy Tax Credit Per Tax Return in Camden County, NJ Over the Last 9 Years
Over the past nine years, residential energy tax credits in Camden County, New Jersey have seen notable fluctuations, with a significant peak in 2018 at $3361.49 per tax return. This spike suggests increased investments in energy-efficient home improvements, likely driven by changing consumer incentives or heightened awareness of environmental benefits. Investors and homeowners might find this trend indicative of potential savings from energy-efficient upgrades, while appraisers and insurance agents might consider these improvements when evaluating property values and risks. Real estate professionals could leverage this information to highlight energy-efficient properties to eco-conscious buyers.
Average Real Estate Taxes Per Tax Return in Camden County, NJ Over the Last 10 Years
Over the last decade, Camden County, New Jersey has seen a steady increase in average real estate taxes per tax return, starting at approximately $7,467.31 in 2012 and peaking at about $9,711.94 in 2020. This upward trend in property taxes may reflect growing property valuations and could impact potential real estate investors, homebuyers, appraisers, and insurance agents by increasing overall carrying costs. Real estate professionals and those interested in the local market might consider this essential when evaluating long-term investment profitability or property affordability in Camden County.
Percentage of Farm Returns in Camden County, NJ Over the Last 10 Years
Farm tax returns in Camden County, New Jersey, have been on a downward trend over the past decade, with an initial percentage of about 0.07% in 2012 decreasing to roughly 0.05% by 2021. This suggests that farming activities and related tax filings are becoming increasingly sparse in the region. Investors, prospective residents, and developers might take this as an indication that agricultural pursuits are not a core economic driver in Camden County. Understanding these trends can provide valuable context for making informed decisions related to property investments, business opportunities, or residency in the area.
Number of Mortgages by Occupancy Type in Camden County, NJ Over the Last 5 Years in Camden County
Over the last five years in Camden County, New Jersey, there's a noticeable fluctuation in the volume of mortgages for different occupancy types. Principal residences consistently account for the majority, peaking in 2021 before dropping in 2022. Investment properties showed a rise until 2021, then saw a decline in 2022. Second residences remained relatively steady but with minimal impact compared to the other categories. These shifts in mortgage types can influence market dynamics, affecting property values, insurance needs, and investment opportunities. For investors, understanding this trend could identify emerging rental markets, while for residents and potential buyers, it provides insight into community stability and growth prospects.
Economic Outlook
Camden County, New Jersey has seen a substantial economic uptick with the average taxable income per tax return rising from $61,091.59 in 2013 to $81,950.56 in 2021, suggesting better employment opportunities and higher earnings. Simultaneously, state and local income taxes surged from $5,840.63 in 2012 to $11,512.64 in 2021, reflecting possible tax policy changes. The county's average total tax liability per return increased from $10,333.95 in 2012 to $13,631.33 in 2021. These financial... Read more
Average Taxable Income per Tax Return in Camden County, NJ over the last 9 years
Over the last nine years, Camden County, NJ has seen a notable increase in the average taxable income per tax return, rising from approximately $61,091.59 in 2013 to around $81,950.56 in 2021. This consistent upward trend suggests economic growth and potentially higher earnings or better employment opportunities in the area. For investors, this could imply a robust market for housing and commercial properties, while appraisers and insurance agents might take note of increasing property values and income levels. This economic trend could be significant for those looking to move to Camden County, as it indicates a thriving community with rising prosperity.
Average State and Local Income Taxes Per Tax Return in Camden County, NJ Over the Last 10 Years
Over the past decade, Camden County, New Jersey has seen a substantial increase in state and local income taxes per tax return. Starting at approximately $5,840.63 in 2012, the amount surged to about $11,512.64 by 2021. Notably, there was a sharp uptick between 2017 and 2018, possibly reflecting changes in tax policy or a shift in economic conditions. This trend is crucial for potential investors, real estate developers, and residents as it may impact financial planning, cost of living considerations, and long-term investment decisions.
Average Total Tax Liability Per Tax Return in Camden County, NJ Over the Last 10 Years
Over the past decade in Camden County, New Jersey, average total tax liability per tax return has trended upwards, reaching a high of $13,631.33 in 2021 from $10,333.95 in 2012. This gradual increase reflects possible changes in income levels and tax policies affecting residents. For investors, real estate agents, and those considering a move to the area, understanding this trend is crucial as it may impact financial planning and property valuations. Notably, the significant jump in 2021 suggests a shift that could influence future fiscal strategies within the county.
Cost of Living in Camden County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,692 | $1,645 | $1,790 | $2,294 | $1,801 |
| 1 adult 4 children | $1,692 | $1,343 | $1,359 | $2,294 | $1,902 |
| 2 adults 3 children | $1,692 | $1,344 | $1,558 | $2,294 | $1,530 |
| 1 adult 3 children | $1,692 | $1,097 | $1,127 | $2,294 | $1,658 |
| 2 adults 2 children | $1,390 | $1,100 | $1,326 | $2,002 | $1,223 |
| 1 adult 2 children | $1,390 | $822 | $895 | $2,002 | $1,234 |
| 2 adults 1 child | $1,390 | $869 | $1,094 | $1,054 | $959 |
| 1 adult 1 child | $1,390 | $562 | $663 | $1,054 | $858 |
| 2 adults | $1,152 | $698 | $862 | $0 | $712 |
| 1 adult | $1,022 | $381 | $431 | $0 | $598 |
Safety trends & Data
Camden County, New Jersey has witnessed a notable decline in burglary and larceny-theft cases over the past five years, with burglaries dropping from 264 in 2018 to 180 in 2022, and larceny-theft cases decreasing from 1865 to 1348 in the same period. Motor vehicle theft appears to be more erratic but shows cyclical trends, with spikes observed in 2020 and 2022. Fraud and forgery have seen significant reductions, hitting their lowest in 2021 with fraud at 76 cases and forgery at 8. Vandalism and... Read more
Property Crime Trends in Camden County, NJ Over the Last 5 Years
Camden County, New Jersey has seen varying trends in property crime over the last five years. Notably, there is a general decrease in burglary and larceny-theft cases, with burglaries dropping from 264 in 2018 to 180 in 2022, and larceny-theft cases falling from 1865 in 2018 to 1348 in 2022. Motor vehicle theft has shown fluctuation but appears to be somewhat cyclical, seeing a rise in 2020 and 2022 compared to previous years. Fraud and forgery incidents, on the other hand, have seen significant drops, hitting their lowest points in 2021 with fraud arrests at 76 and forgery cases at just 8. Meanwhile, vandalism and cases of possessing stolen property show less consistent trends but remain comparatively significant throughout the period.
Demographics
Camden County, New Jersey, exhibits a fairly balanced gender distribution with slightly more females than males. Educational attainment shows a prominent portion of the population holding a high school diploma or some college experience, while a considerable number have advanced degrees. The age demographic suggests a relatively even spread across age groups, with notable concentrations in the mid-20s to early 30s and early elder years. Racial composition highlights a predominantly White... Read more
Race Distribution in Camden County, New Jersey (2022)
Educational Attainment in Camden County, New Jersey (2022)
Age Distribution in Camden County, New Jersey
Citizen Population in Camden County, New Jersey (2022)
Political Trends & Data
Camden County, New Jersey, leans significantly Democratic, with the party capturing around 66% of the vote in the 2020 Presidential Election. Republicans pulled in roughly 33%, suggesting a solid presence but not a competitive edge. Minor parties like the Libertarian and Green parties barely made a dent, highlighting the predominant two-party system in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Camden County, New Jersey, shows a notable lean towards the Democratic Party, capturing approximately 66% of the vote in the 2020 Presidential Election. Republicans garnered around 33%, indicating a significant, though not overwhelming, opposition presence. Minor parties like the Libertarian and Green parties received marginal support, underlining a strong two-party dominance in this county.
32.58% of voters voted for the Republican party in the 2020 Presidential Election
66.16% of voters voted for the Democrat party in the 2020 Presidential Election
0.71% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
0.26% of voters voted for the Other party in the 2020 Presidential Election
School Data
Camden County, New Jersey has typically maintained a student-to-teacher ratio below the national average of 14, with ratios between 12 and just under 14 over the past decade, allowing for more individualized attention in classrooms. However, a significant spike to 19 in 2021 suggests possible staffing issues or increased enrollment, which quickly normalized in subsequent years. Lower student-to-teacher ratios often correlate with better educational outcomes, potentially increasing property... Read more
Student-to-teacher ratio in Camden County, New Jersey over the last 10 years
Camden County, New Jersey has generally maintained a student-to-teacher ratio lower than the national average of 14 students per teacher over the past decade, with a few notable fluctuations. From 2014 to 2020, the county saw ratios ranging from around 12 to just under 14, suggesting more individualized attention in classrooms compared to the national norm. However, 2021 witnessed a sharp spike to 19 students per teacher, potentially indicating temporary staffing difficulties or increased student enrollment. This elevation returned to approximately 12 in 2022 and 2023, aligning again with previous trends. For investors, real estate agents, and those considering a move, lower student-to-teacher ratios often correlate with better educational outcomes, which can influence property values and community satisfaction.
