Monroeville, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Monroeville Neighborhoods Since 2000




Monroeville, 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

Monroeville Housing Market Information

With 7,592 people, 1,319 houses or apartments, and a median cost of homes of $239,985, Monroeville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Monroeville, accounting for 87.65% of the town's housing units. Other types of housing that are prevalent in Monroeville include mobile homes or trailers ( 10.14%), duplexes, homes converted to apartments or other small apartment buildings ( 1.07%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Monroeville. Owner-occupied housing accounts for 82.14% of Monroeville's homes, and 69.72% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Monroeville 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 Monroeville built between 1940-1969 ( 28.91%). A lesser amount of the housing stock also hails from before 1939 ( 15.06%). There's also some housing in Monroeville built between 2000 and later ( 12.29%).

Monroeville Home Appreciation Rates

Homes have actually lost value in Monroeville over the last then years, as home values have seen a decline of 19.41% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Monroeville home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Monroeville appreciation rates have trailed the rest of the nation. In the last twelve months, Monroeville's appreciation rate has been -1.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Monroeville were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$239,985

Monroeville, NJ HOME PRICES

Value Range
> $1,010,000 1.4
$758,001 - $1,010,000 0.9
$505,001 - $758,000 3.9
$404,001 - $505,000 7.4
$303,001 - $404,000 14.1
$202,001 - $303,000 39.3
$101,001 - $202,000 20.1
$50,001 - $101,000 6.2
$0 - $50,000 6.7

Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
24.1357084261104 78.2520325203252

Number Of Homes And Apartments:
1,319

Monroeville 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
44.00% 2.14% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,023 / per month

Homeownership Rate

Homeownership
Owners 82.14
Renters 17.86
Vacant 6.33

Housing Market Details

 

Age of Homes

AGE OF Monroeville HOMES
2000 or Newer 12.3
1970 - 1999 43.7
1940 - 1969 28.9
1939 or Older 15.1

Types of Homes

TYPE OF Monroeville HOMES
Single-Family 87.6
Townhomes 0.8
Small Apt. Buildings 1.1
Apt. Complexes 0.4
Mobile Homes 10.1
Other 0.0

Home Size

SIZE OF Monroeville HOMES
No Bedroom 0.29
1 Bedroom 5.20
2 Bedrooms 20.91
3 Bedrooms 46.15
4 Bedrooms 23.57
5 or more bedrooms 3.88