Branchville, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Branchville Neighborhoods Since 2000




Branchville, NJ Real Estate Data


Branchville Housing Market Information

With 802 people, 319 houses or apartments, and a median cost of homes of $366,563, real estate costs in Branchville are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Single-family detached homes are the single most common housing type in Branchville, accounting for 65.84% of the borough's housing units. Other types of housing that are prevalent in Branchville include duplexes, homes converted to apartments or other small apartment buildings ( 25.07%), large apartment complexes or high rise apartments ( 4.68%), and a few row houses and other attached homes ( 4.41%).

The most prevalent building size and type in Branchville are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 63.32% owning and 36.68% renting.

The housing in Branchville was primarily built before 1939 ( 56.47%), making the housing stock in Branchville some of the oldest overall in America, although there is a range of ages of homes in Branchville. The next most important housing age is between 1940-1969 ( 23.42%), followed by between 1970-1999 ( 16.25%). There's also some housing in Branchville built between 2000 and later ( 3.86%).

Vacant housing appears to be an issue in Branchville. Fully 12.12% of the housing stock is classified as vacant. Left unchecked, vacant Branchville homes and apartments can be a drag on the real estate market, holding Branchville 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.

Branchville Home Appreciation Rates

Branchville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Branchville during the period has been just -1.48%, which is lower than 80% of US communities.

Over the last year, Branchville appreciation rates have trailed the rest of the nation. In the last twelve months, Branchville's appreciation rate has been 3.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Branchville were at 1.43%, which equates to an annual appreciation rate of 5.85%.

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

Average Home Values

 

Median Home Value:
$366,563

Branchville, NJ HOME PRICES

Value Range
> $1,074,000 1.8
$805,001 - $1,074,000 2.6
$537,001 - $805,000 8.7
$430,001 - $537,000 17.6
$322,001 - $430,000 31.8
$215,001 - $322,000 28.5
$107,001 - $215,000 7.1
$54,001 - $107,000 0.6
$0 - $54,000 1.3

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
11.4891374363179 49.1869918699187

Number Of Homes And Apartments:
319

Rent & Ownership

 

Average Market Rent:
$1,516 / per month

Homeownership Rate

Homeownership
Owners 63.32
Renters 36.68
Vacant 12.12

Housing Market Details

 

Age of Homes

AGE OF Branchville HOMES
2000 or Newer 3.9
1970 - 1999 16.3
1940 - 1969 23.4
1939 or Older 56.5

Types of Homes

TYPE OF Branchville HOMES
Single-Family 65.8
Townhomes 4.4
Small Apt. Buildings 25.1
Apt. Complexes 4.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Branchville HOMES
No Bedroom 0.00
1 Bedroom 16.53
2 Bedrooms 27.00
3 Bedrooms 38.57
4 Bedrooms 14.88
5 or more bedrooms 3.03

Branchville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
56.54% 2.67% 5 7
* 10 is highest