Maywood, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Maywood, NJ Real Estate Data


Maywood Housing Market Information

With a population of 9,805, 3,610 total housing units (homes and apartments), and a median house value of $422,174, 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 66.12% 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 ( 21.23%), large apartment complexes or high rise apartments ( 11.50%), and a few row houses and other attached homes ( 1.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Maywood. Owner-occupied housing accounts for 65.60% of Maywood's homes, and 57.48% have either three or four bedrooms, which is average sized relative to America.

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 67.85% of the borough's housing hails from this era. Other housing ages represented in Maywood include homes built before 1939 ( 21.42%) and housing constructed between 1970-1999 ( 8.79%). There's also some housing in Maywood built between 2000 and later ( 1.94%).

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 -1.39%, which is lower than 80% of US communities.

Over the last year, Maywood appreciation rates have trailed the rest of the nation. In the last twelve months, Maywood's appreciation rate has been 3.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Maywood were at 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New Jersey, our data show that Maywood's latest annual appreciation rate is higher than 50% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$422,174

Maywood, NJ HOME PRICES

Value Range
> $1,092,000 0.0
$820,001 - $1,092,000 0.2
$547,001 - $820,000 8.3
$437,001 - $547,000 34.4
$328,001 - $437,000 43.3
$219,001 - $328,000 11.3
$109,001 - $219,000 0.3
$55,001 - $109,000 0.0
$0 - $55,000 2.1

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
8.70176260467295 36.9918699186992

Number Of Homes And Apartments:
3,610

Rent & Ownership

 

Average Market Rent:
$1,649 / per month

Homeownership Rate

Homeownership
Owners 65.60
Renters 34.40
Vacant 5.25

Housing Market Details

 

Age of Homes

AGE OF Maywood HOMES
2000 or Newer 1.9
1970 - 1999 8.8
1940 - 1969 67.8
1939 or Older 21.4

Types of Homes

TYPE OF Maywood HOMES
Single-Family 66.1
Townhomes 1.2
Small Apt. Buildings 21.2
Apt. Complexes 11.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Maywood HOMES
No Bedroom 0.00
1 Bedroom 16.35
2 Bedrooms 22.34
3 Bedrooms 45.33
4 Bedrooms 12.15
5 or more bedrooms 3.83

Maywood 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
55.46% 2.63% 5 7
* 10 is highest