Branchville, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Branchville Neighborhoods Since 2000




Branchville, 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

Branchville Housing Market Information

With a population of 802, 310 total housing units (homes and apartments), and a median house value of $353,011, 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 72.68% 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 ( 18.03%), large apartment complexes or high rise apartments ( 5.63%), and a few row houses and other attached homes ( 3.66%).

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 62.33% owning and 37.67% renting.

The housing in Branchville was primarily built before 1939 ( 58.31%), 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 ( 22.54%), followed by between 1970-1999 ( 15.49%). There's also some housing in Branchville built between 2000 and later ( 3.66%).

Vacant housing appears to be an issue in Branchville. Fully 12.68% 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 -1.74%, 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 2.28%, 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 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Branchville's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$353,011

Branchville, NJ HOME PRICES

Value Range
> $1,059,000 1.7
$794,001 - $1,059,000 1.8
$530,001 - $794,000 8.5
$424,001 - $530,000 16.1
$318,001 - $424,000 31.1
$212,001 - $318,000 32.8
$106,001 - $212,000 6.1
$53,001 - $106,000 0.6
$0 - $53,000 1.3

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
11.9653111449666 51.0162601626016

Number Of Homes And Apartments:
310

Branchville 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
54.28% 2.55% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,754 / per month

Homeownership Rate

Homeownership
Owners 62.33
Renters 37.67
Vacant 12.68

Housing Market Details

 

Age of Homes

AGE OF Branchville HOMES
2000 or Newer 3.7
1970 - 1999 15.5
1940 - 1969 22.5
1939 or Older 58.3

Types of Homes

TYPE OF Branchville HOMES
Single-Family 72.7
Townhomes 3.7
Small Apt. Buildings 18.0
Apt. Complexes 5.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Branchville HOMES
No Bedroom 0.00
1 Bedroom 16.06
2 Bedrooms 25.35
3 Bedrooms 37.18
4 Bedrooms 16.06
5 or more bedrooms 5.35