Manville, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Manville Neighborhoods Since 2000




Manville, NJ Real Estate Data


Manville Housing Market Information

With a population of 10,429, 3,874 total housing units (homes and apartments), and a median house value of $288,019, Manville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Manville, accounting for 61.81% of the borough's housing units. Other types of housing that are prevalent in Manville include duplexes, homes converted to apartments or other small apartment buildings ( 23.04%), large apartment complexes or high rise apartments ( 11.18%), and a few row houses and other attached homes ( 3.97%).

The most prevalent building size and type in Manville are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 64.86% owning and 35.14% renting.

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. Manville's housing was primarily built during this period, from the '40s through the '60s. A full 62.58% of the borough's housing hails from this era. Other housing ages represented in Manville include homes built before 1939 ( 18.56%) and housing constructed between 1970-1999 ( 17.23%). There's also some housing in Manville built between 2000 and later ( 1.63%).

Vacant housing appears to be an issue in Manville. Fully 12.51% of the housing stock is classified as vacant. Left unchecked, vacant Manville homes and apartments can be a drag on the real estate market, holding Manville 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.

Manville Home Appreciation Rates

Homes have actually lost value in Manville over the last then years, as home values have seen a decline of 20.54% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Manville home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

NeighborhoodScout's data show that during the latest twelve months, Manville's appreciation rate, at 4.46%, has been at or slightly above the national average. In the latest quarter, Manville's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

Relative to New Jersey, our data show that Manville's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$288,019

Manville, NJ HOME PRICES

Value Range
> $1,091,000 0.0
$818,001 - $1,091,000 0.0
$545,001 - $818,000 1.0
$437,001 - $545,000 2.2
$327,001 - $437,000 20.6
$218,001 - $327,000 58.5
$109,001 - $218,000 13.4
$55,001 - $109,000 1.6
$0 - $55,000 2.7

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
18.1179364056919 70.3252032520325

Number Of Homes And Apartments:
3,874

Rent & Ownership

 

Average Market Rent:
$1,489 / per month

Homeownership Rate

Homeownership
Owners 64.86
Renters 35.14
Vacant 12.51

Housing Market Details

 

Age of Homes

AGE OF Manville HOMES
2000 or Newer 1.6
1970 - 1999 17.2
1940 - 1969 62.6
1939 or Older 18.6

Types of Homes

TYPE OF Manville HOMES
Single-Family 61.8
Townhomes 4.0
Small Apt. Buildings 23.0
Apt. Complexes 11.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Manville HOMES
No Bedroom 3.07
1 Bedroom 13.82
2 Bedrooms 26.72
3 Bedrooms 39.97
4 Bedrooms 14.43
5 or more bedrooms 1.99

Manville 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
45.33% 2.22% 3 5
* 10 is highest