Maywood, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Maywood Neighborhoods Since 2000




Maywood, 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

Maywood Housing Market Information

With a population of 9,805, 3,530 total housing units (homes and apartments), and a median house value of $418,001, real estate costs in Maywood 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 Maywood, accounting for 63.53% of the borough's housing units. Other types of housing that are prevalent in Maywood include duplexes, homes converted to apartments or other small apartment buildings ( 23.48%), large apartment complexes or high rise apartments ( 11.71%), and a few row houses and other attached homes ( 1.28%).

The most prevalent building size and type in Maywood are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 63.49% owning and 36.51% 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. Maywood's housing was primarily built during this period, from the '40s through the '60s. A full 65.72% of the borough's housing hails from this era. Other housing ages represented in Maywood include homes built before 1939 ( 22.19%) and housing constructed between 1970-1999 ( 10.08%). There's also some housing in Maywood built between 2000 and later ( 2.01%).

Maywood Home Appreciation Rates

Maywood's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Maywood during the period has been just -1.35%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Maywood's appreciation rate, at 3.81%, has been at or slightly above the national average. In the latest quarter, Maywood's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Maywood's latest annual appreciation rate is higher than 60% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$418,001

Maywood, NJ HOME PRICES

Value Range
> $1,088,000 0.0
$816,001 - $1,088,000 1.3
$544,001 - $816,000 7.6
$435,001 - $544,000 33.3
$326,001 - $435,000 43.4
$218,001 - $326,000 12.2
$109,001 - $218,000 0.3
$55,001 - $109,000 0.0
$0 - $55,000 1.8

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
8.59017930387906 35.9756097560976

Number Of Homes And Apartments:
3,530

Maywood 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
54.74% 2.56% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,875 / per month

Homeownership Rate

Homeownership
Owners 63.49
Renters 36.51
Vacant 5.61

Housing Market Details

 

Age of Homes

AGE OF Maywood HOMES
2000 or Newer 2.0
1970 - 1999 10.1
1940 - 1969 65.7
1939 or Older 22.2

Types of Homes

TYPE OF Maywood HOMES
Single-Family 63.5
Townhomes 1.3
Small Apt. Buildings 23.5
Apt. Complexes 11.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Maywood HOMES
No Bedroom 0.00
1 Bedroom 14.84
2 Bedrooms 24.36
3 Bedrooms 41.68
4 Bedrooms 15.59
5 or more bedrooms 3.53