Belle Mead, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Belle Mead, NJ Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Belle Mead Housing Market Information

With a population of 221, 53 total housing units (homes and apartments), and a median house value of $744,432, Belle Mead house prices are not only among the most expensive in New Jersey, Belle Mead real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Belle Mead, accounting for 100.00% of the town's housing units.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Belle Mead. Owner-occupied housing accounts for 84.91% of Belle Mead's homes, and 79.07% have either three or four bedrooms, which is average sized relative to America.

The housing in Belle Mead was primarily built before 1939 ( 47.67%), making the housing stock in Belle Mead some of the oldest overall in America, although there is a range of ages of homes in Belle Mead. The next most important housing age is between 1970-1999 ( 25.58%), followed by between 1940-1969 ( 17.44%). There's also some housing in Belle Mead built between 2000 and later ( 9.30%).

Vacant housing appears to be an issue in Belle Mead. Fully 38.37% of the housing stock is classified as vacant. Left unchecked, vacant Belle Mead homes and apartments can be a drag on the real estate market, holding Belle Mead real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Belle Mead Home Appreciation Rates

Real estate appreciation rates in Belle Mead's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.13% during the period.

Over the last year, Belle Mead appreciation rates have trailed the rest of the nation. In the last twelve months, Belle Mead's appreciation rate has been 2.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Belle Mead were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Belle Mead's latest annual appreciation rate is lower than 50% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$744,432

Belle Mead Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
52.35% 2.47% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,188 / per month

Homeownership Rate

Homeownership
Owners 84.91
Renters 15.09
Vacant 38.37

Housing Market Details

 

Age of Homes

AGE OF Belle Mead HOMES
2000 or Newer 9.3
1970 - 1999 25.6
1940 - 1969 17.4
1939 or Older 47.7

Types of Homes

TYPE OF Belle Mead HOMES
Single-Family 100.0
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Belle Mead HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 20.93
3 Bedrooms 31.40
4 Bedrooms 47.67
5 or more bedrooms 0.00