Bellmawr, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bellmawr Neighborhoods Since 2000




Bellmawr, 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

Bellmawr Housing Market Information

With a population of 11,462, 4,444 total housing units (homes and apartments), and a median house value of $166,866, Bellmawr real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Bellmawr homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Bellmawr, accounting for 62.41% of the borough's housing units. Other types of housing that are prevalent in Bellmawr include row houses and other attached homes ( 16.98%), large apartment complexes or high rise apartments ( 14.51%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.76%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bellmawr. Owner-occupied housing accounts for 65.17% of Bellmawr's homes, and 61.79% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bellmawr's housing was primarily built during this period, from the '40s through the '60s. A full 74.78% of the borough's housing hails from this era. Other housing ages represented in Bellmawr include homes built between 1970-1999 ( 11.43%) and housing constructed before 1939 ( 7.28%). There's also some housing in Bellmawr built between 2000 and later ( 6.51%).

Bellmawr Home Appreciation Rates

Homes have actually lost value in Bellmawr over the last then years, as home values have seen a decline of 25.22% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bellmawr home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Bellmawr appreciation rates have trailed the rest of the nation. In the last twelve months, Bellmawr's appreciation rate has been -0.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bellmawr were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$166,866

Bellmawr, NJ HOME PRICES

Value Range
> $994,000 0.0
$746,001 - $994,000 0.5
$497,001 - $746,000 1.6
$398,001 - $497,000 0.0
$298,001 - $398,000 2.6
$199,001 - $298,000 17.6
$99,001 - $199,000 68.7
$50,001 - $99,000 3.8
$0 - $50,000 5.3

Very Low for NJ
Average for Nation

Value Relative to Nation Value Relative to State
42.8395640454705 92.8861788617886

Number Of Homes And Apartments:
4,444

Bellmawr 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
41.16% 2.02% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,108 / per month

Homeownership Rate

Homeownership
Owners 65.17
Renters 34.83
Vacant 7.51

Housing Market Details

 

Age of Homes

AGE OF Bellmawr HOMES
2000 or Newer 6.5
1970 - 1999 11.4
1940 - 1969 74.8
1939 or Older 7.3

Types of Homes

TYPE OF Bellmawr HOMES
Single-Family 62.4
Townhomes 17.0
Small Apt. Buildings 5.8
Apt. Complexes 14.5
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Bellmawr HOMES
No Bedroom 0.40
1 Bedroom 15.92
2 Bedrooms 20.92
3 Bedrooms 47.51
4 Bedrooms 14.28
5 or more bedrooms 0.98