Browns Mills, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Browns Mills Neighborhoods Since 2000




Browns Mills, 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

Browns Mills Housing Market Information

With a population of 11,187, 3,975 total housing units (homes and apartments), and a median house value of $149,312, Browns Mills real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Browns Mills homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Browns Mills, accounting for 80.37% of the town's housing units. Other types of housing that are prevalent in Browns Mills include mobile homes or trailers ( 7.12%), large apartment complexes or high rise apartments ( 6.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Browns Mills. Owner-occupied housing accounts for 72.01% of Browns Mills's homes, and 66.18% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Browns Mills built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Browns Mills built between 1940-1969 ( 37.30%). A lesser amount of the housing stock also hails from before 1939 ( 6.29%). There's also some housing in Browns Mills built between 2000 and later ( 4.82%).

Browns Mills Home Appreciation Rates

Homes have actually lost value in Browns Mills over the last then years, as home values have seen a decline of 31.12% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Browns Mills home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Browns Mills appreciation rates have trailed the rest of the nation. In the last twelve months, Browns Mills's appreciation rate has been -5.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Browns Mills were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Browns Mills differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Browns Mills - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Browns Mills real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$149,312

Browns Mills, NJ HOME PRICES

Value Range
> $947,000 0.0
$710,001 - $947,000 0.2
$473,001 - $710,000 1.1
$379,001 - $473,000 0.2
$284,001 - $379,000 2.5
$189,001 - $284,000 21.2
$94,001 - $189,000 51.6
$47,001 - $94,000 15.2
$0 - $47,000 8.0

Very Low for NJ
Average for Nation

Value Relative to Nation Value Relative to State
50.3281378178835 96.5447154471545

Number Of Homes And Apartments:
3,975

Browns Mills 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
29.45% 1.51% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,298 / per month

Homeownership Rate

Homeownership
Owners 72.01
Renters 27.99
Vacant 8.41

Housing Market Details

 

Age of Homes

AGE OF Browns Mills HOMES
2000 or Newer 4.8
1970 - 1999 51.6
1940 - 1969 37.3
1939 or Older 6.3

Types of Homes

TYPE OF Browns Mills HOMES
Single-Family 80.4
Townhomes 0.8
Small Apt. Buildings 5.0
Apt. Complexes 6.7
Mobile Homes 7.1
Other 0.0

Home Size

SIZE OF Browns Mills HOMES
No Bedroom 1.01
1 Bedroom 10.90
2 Bedrooms 20.02
3 Bedrooms 48.94
4 Bedrooms 17.24
5 or more bedrooms 1.89