Mays Landing, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mays Landing Neighborhoods Since 2000




Mays Landing, 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

Mays Landing Housing Market Information

With 2,147 people, 853 houses or apartments, and a median cost of homes of $210,566, Mays Landing real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Mays Landing homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Mays Landing, accounting for 64.17% of the town's housing units. Other types of housing that are prevalent in Mays Landing include duplexes, homes converted to apartments or other small apartment buildings ( 14.63%), large apartment complexes or high rise apartments ( 14.29%), and a few row houses and other attached homes ( 6.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mays Landing. Owner-occupied housing accounts for 82.53% of Mays Landing's homes, and 65.32% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mays Landing 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 Mays Landing built between 1940-1969 ( 29.84%). A lesser amount of the housing stock also hails from before 1939 ( 21.77%). There's also some housing in Mays Landing built between 2000 and later ( 6.22%).

Mays Landing Home Appreciation Rates

Homes have actually lost value in Mays Landing over the last then years, as home values have seen a decline of 35.10% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mays Landing home appreciation rates at -5.44%, which equates to an annual appreciation rate of -20.04%.

Over the last year, Mays Landing appreciation rates have trailed the rest of the nation. In the last twelve months, Mays Landing's appreciation rate has been -8.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mays Landing were at -5.44%, which equates to an annual appreciation rate of -20.04%.

Notably, Mays Landing's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$210,566

Mays Landing, NJ HOME PRICES

Value Range
> $922,000 0.5
$691,001 - $922,000 0.6
$461,001 - $691,000 3.0
$369,001 - $461,000 1.6
$277,001 - $369,000 11.6
$185,001 - $277,000 43.1
$92,001 - $185,000 34.1
$46,001 - $92,000 3.9
$0 - $46,000 1.6

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
29.7785069729286 83.9430894308943

Number Of Homes And Apartments:
853

Mays Landing 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
27.05% 1.40% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,663 / per month

Homeownership Rate

Homeownership
Owners 82.53
Renters 17.47
Vacant 1.73

Housing Market Details

 

Age of Homes

AGE OF Mays Landing HOMES
2000 or Newer 6.2
1970 - 1999 42.2
1940 - 1969 29.8
1939 or Older 21.8

Types of Homes

TYPE OF Mays Landing HOMES
Single-Family 64.2
Townhomes 6.9
Small Apt. Buildings 14.6
Apt. Complexes 14.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Mays Landing HOMES
No Bedroom 1.38
1 Bedroom 19.59
2 Bedrooms 10.02
3 Bedrooms 51.50
4 Bedrooms 13.82
5 or more bedrooms 3.69