Maplewood, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Maplewood Neighborhoods Since 2000




Maplewood, 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

Maplewood Housing Market Information

With a population of 24,700, 1,473 total housing units (homes and apartments), and a median house value of $583,192, Maplewood house prices are not only among the most expensive in New Jersey, Maplewood real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Maplewood, accounting for 68.58% of the town's housing units. Other types of housing that are prevalent in Maplewood include duplexes, homes converted to apartments or other small apartment buildings ( 18.12%), large apartment complexes or high rise apartments ( 9.64%), and a few row houses and other attached homes ( 3.66%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Maplewood. Owner-occupied housing accounts for 77.08% of Maplewood's homes, and 58.37% have either three or four bedrooms, which is average sized relative to America.

The housing in Maplewood was primarily built before 1939 ( 60.19%), making the housing stock in Maplewood some of the oldest overall in America, although there is a range of ages of homes in Maplewood. The next most important housing age is between 1940-1969 ( 26.32%), followed by between 1970-1999 ( 10.03%). There's also some housing in Maplewood built between 2000 and later ( 3.46%).

Maplewood Home Appreciation Rates

Appreciation rates for homes in Maplewood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.26%, which ranks in the top 40% nationwide. This equates to an annual average Maplewood house appreciation rate of 0.80%.

Appreciation rates are so strong in Maplewood that despite a nationwide downturn in the housing market, Maplewood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Maplewood appreciation rates continue to be some of the highest in America, at 6.67%, which is higher than appreciation rates in 79.07% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Maplewood. Maplewood appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$583,192

Maplewood, NJ HOME PRICES

Value Range
> $1,199,000 1.7
$899,001 - $1,199,000 6.6
$600,001 - $899,000 30.5
$480,001 - $600,000 19.6
$360,001 - $480,000 16.4
$240,001 - $360,000 18.4
$120,001 - $240,000 4.7
$60,001 - $120,000 0.5
$0 - $60,000 1.6

Very High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
4.17789757412399 17.479674796748

Number Of Homes And Apartments:
1,473

Maplewood 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
96.80% 4.00% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,985 / per month

Homeownership Rate

Homeownership
Owners 77.08
Renters 22.92
Vacant 7.84

Housing Market Details

 

Age of Homes

AGE OF Maplewood HOMES
2000 or Newer 3.5
1970 - 1999 10.0
1940 - 1969 26.3
1939 or Older 60.2

Types of Homes

TYPE OF Maplewood HOMES
Single-Family 68.6
Townhomes 3.7
Small Apt. Buildings 18.1
Apt. Complexes 9.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Maplewood HOMES
No Bedroom 1.87
1 Bedroom 10.84
2 Bedrooms 17.41
3 Bedrooms 32.97
4 Bedrooms 25.40
5 or more bedrooms 11.50