Belle Mead, NJ Real Estate Market

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 Q3 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Belle Mead, NJ Housing Market Trends

With a population of 5,569, 81 total housing units (homes and apartments), and a median house value of $783,851, 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 100.00% of Belle Mead's homes, and 53.98% have either three or four bedrooms, which is average sized relative to America.

The housing in Belle Mead was primarily built before 1939 ( 54.87%), 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 1940-1969 ( 34.51%), followed by between 1970-1999 ( 10.62%).

Vacant housing appears to be an issue in Belle Mead. Fully 28.32% 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

Some of the lowest real estate appreciation rates in America over the last ten years have been in Belle Mead, where house values have increased just 25.05%, which is annualized rate of 2.26%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

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 10.90%, 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 3.54%, which equates to an annual appreciation rate of 14.94%.

Notably, Belle Mead's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New Jersey, our data show that Belle Mead's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$783,851

Belle Mead Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
70.14% 2.47%
2
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,907 / per month

Homeownership Rate

Owners
100.0%
100.0%
Renters
0.0%
0.0%
Vacant
28.3%
28.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
0.0%
0.0%
1970 - 1999
10.6%
10.6%
1940 - 1969
34.5%
34.5%
1939 or Older
54.9%
54.9%
0.0% 100.0%
% OF HOMES

Types of Homes

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

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
0.0%
0.0%
2 Bedrooms
46.0%
46.0%
3 Bedrooms
54.0%
54.0%
4 Bedrooms
0.0%
0.0%
5 or more bedrooms
0.0%
0.0%
0.0% 100.0%
% OF HOMES