Mahwah, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mahwah Neighborhoods Since 2000




Mahwah, 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

Mahwah Housing Market Information

With 26,590 people, 1,843 houses or apartments, and a median cost of homes of $439,632, real estate costs in Mahwah 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 Mahwah, accounting for 51.81% of the town's housing units. Other types of housing that are prevalent in Mahwah include row houses and other attached homes ( 22.62%), large apartment complexes or high rise apartments ( 18.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.70%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mahwah. Owner-occupied housing accounts for 73.05% of Mahwah's homes, and 52.52% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mahwah 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 Mahwah built between 1940-1969 ( 21.29%). A lesser amount of the housing stock also hails from before 1939 ( 9.56%). There's also some housing in Mahwah built between 2000 and later ( 4.74%).

Mahwah Home Appreciation Rates

Real estate appreciation rates in Mahwah's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.52% during the period.

NeighborhoodScout's data show that during the latest twelve months, Mahwah's appreciation rate, at 4.59%, has been at or slightly above the national average. In the latest quarter, Mahwah's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Mahwah's latest annual appreciation rate is higher than 70% 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 Mahwah differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mahwah - 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 Mahwah real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$439,632

Mahwah, NJ HOME PRICES

Value Range
> $1,121,000 8.4
$841,001 - $1,121,000 10.4
$561,001 - $841,000 20.8
$449,001 - $561,000 18.1
$337,001 - $449,000 21.5
$224,001 - $337,000 12.4
$112,001 - $224,000 4.3
$56,001 - $112,000 2.2
$0 - $56,000 2.0

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
7.72881753193484 32.3170731707317

Number Of Homes And Apartments:
1,843

Mahwah 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
57.76% 2.68% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,528 / per month

Homeownership Rate

Homeownership
Owners 73.05
Renters 26.95
Vacant 2.39

Housing Market Details

 

Age of Homes

AGE OF Mahwah HOMES
2000 or Newer 4.7
1970 - 1999 64.4
1940 - 1969 21.3
1939 or Older 9.6

Types of Homes

TYPE OF Mahwah HOMES
Single-Family 51.8
Townhomes 22.6
Small Apt. Buildings 6.7
Apt. Complexes 18.0
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Mahwah HOMES
No Bedroom 0.60
1 Bedroom 10.23
2 Bedrooms 27.95
3 Bedrooms 31.16
4 Bedrooms 21.36
5 or more bedrooms 8.70