Merchantville, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Merchantville Neighborhoods Since 2000




Merchantville, 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

Merchantville Housing Market Information

With a population of 3,778, 1,466 total housing units (homes and apartments), and a median house value of $234,142, Merchantville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Merchantville, accounting for 48.08% of the borough's housing units. Other types of housing that are prevalent in Merchantville include duplexes, homes converted to apartments or other small apartment buildings ( 28.03%), large apartment complexes or high rise apartments ( 12.18%), and a few row houses and other attached homes ( 11.70%).

The most prevalent building size and type in Merchantville are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 59.21% owning and 40.79% renting.

The housing in Merchantville was primarily built before 1939 ( 50.72%), making the housing stock in Merchantville some of the oldest overall in America, although there is a range of ages of homes in Merchantville. The next most important housing age is between 1940-1969 ( 30.79%), followed by between 1970-1999 ( 9.66%). There's also some housing in Merchantville built between 2000 and later ( 8.82%).

Vacant housing appears to be an issue in Merchantville. Fully 12.00% of the housing stock is classified as vacant. Left unchecked, vacant Merchantville homes and apartments can be a drag on the real estate market, holding Merchantville 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.

Merchantville Home Appreciation Rates

Homes have actually lost value in Merchantville over the last then years, as home values have seen a decline of 22.63% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Merchantville home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

NeighborhoodScout's data show that during the latest twelve months, Merchantville's appreciation rate, at 4.77%, has been at or slightly above the national average. In the latest quarter, Merchantville's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

Relative to New Jersey, our data show that Merchantville's latest annual appreciation rate is higher than 80% 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 borough. Individual neighborhoods within Merchantville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Merchantville - 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 Merchantville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$234,142

Merchantville, NJ HOME PRICES

Value Range
> $1,040,000 0.0
$780,001 - $1,040,000 1.5
$520,001 - $780,000 1.8
$416,001 - $520,000 1.0
$312,001 - $416,000 12.0
$208,001 - $312,000 50.2
$104,001 - $208,000 25.5
$52,001 - $104,000 3.3
$0 - $52,000 4.6

Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
25.0732450486347 79.6747967479675

Number Of Homes And Apartments:
1,466

Merchantville 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
50.39% 2.39% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,332 / per month

Homeownership Rate

Homeownership
Owners 59.21
Renters 40.79
Vacant 12.00

Housing Market Details

 

Age of Homes

AGE OF Merchantville HOMES
2000 or Newer 8.8
1970 - 1999 9.7
1940 - 1969 30.8
1939 or Older 50.7

Types of Homes

TYPE OF Merchantville HOMES
Single-Family 48.1
Townhomes 11.7
Small Apt. Buildings 28.0
Apt. Complexes 12.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Merchantville HOMES
No Bedroom 0.00
1 Bedroom 17.47
2 Bedrooms 26.77
3 Bedrooms 29.59
4 Bedrooms 16.63
5 or more bedrooms 9.54