Once considered one of New Jersey's most dangerous cities, Camden is undergoing a dramatic transformation driven by investments in affordable and market-rate housing. A recent Axios report highlighted Camden's top three zip codes for home appreciation in the Philadelphia Metro area, with market-rate housing prices soaring 40 percent year-over-year. Mayor Victor Carstarphen celebrates this trend, noting the positive impact on residents and the city's revitalization.
Camden is a city that once ranked among the most dangerous in New Jersey.Niw, the city is on the come up as it's investing in affordable housing , leading to a big increase in home values.A 2024 report from Axios found that Camden, NJ had the top three zip codes with the greatest home appreciation s in the Philadelphia Metro area. The report says Camden’s market rate housing prices are up 40 percent since last year, while offering the lowest average property taxes in New Jersey.
"I never thought I would actually purchase one day in the city," said the new homeowner. The site of the new property was originally where a single unit home was destroyed by fire. Back in the 90’s the city deemed it unsafe and demolished it. After nearly 30 years of the city being left with the burden of costs to maintain and secure the vacant property, city-funded programs helped it be developed, and is now two new market rate homes.
City Development Affordable Housing Home Appreciation Real Estate Market Urban Renewal Revitalization
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