Morganville, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Morganville Neighborhoods Since 2000




Morganville, 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

Morganville Housing Market Information

With 5,141 people, 1,512 houses or apartments, and a median cost of homes of $693,796, Morganville house prices are not only among the most expensive in New Jersey, Morganville real estate also is some of the most expensive in all of America.

Morganville is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Morganville than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Morganville. Owner-occupied housing accounts for 93.20% of Morganville's homes, and 74.74% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Morganville 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 Morganville built between 1940-1969 ( 28.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.21%). There's also some housing in Morganville built before 1939 ( 4.71%).

Morganville Home Appreciation Rates

Real estate appreciation rates in Morganville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.26% during the period.

Over the last year, Morganville appreciation rates have trailed the rest of the nation. In the last twelve months, Morganville's appreciation rate has been 2.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Morganville were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$693,796

Morganville, NJ HOME PRICES

Value Range
> $1,101,000 7.4
$825,001 - $1,101,000 17.4
$550,001 - $825,000 38.5
$441,001 - $550,000 18.2
$330,001 - $441,000 10.9
$220,001 - $330,000 3.6
$110,001 - $220,000 0.7
$55,001 - $110,000 0.6
$0 - $55,000 2.8

Very High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
2.70713699753897 10.3658536585366

Number Of Homes And Apartments:
1,512

Morganville 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
55.90% 2.61% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,107 / per month

Homeownership Rate

Homeownership
Owners 93.20
Renters 6.80
Vacant 8.64

Housing Market Details

 

Age of Homes

AGE OF Morganville HOMES
2000 or Newer 21.2
1970 - 1999 46.0
1940 - 1969 28.1
1939 or Older 4.7

Types of Homes

TYPE OF Morganville HOMES
Single-Family 92.2
Townhomes 0.9
Small Apt. Buildings 0.0
Apt. Complexes 6.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Morganville HOMES
No Bedroom 0.00
1 Bedroom 1.33
2 Bedrooms 11.12
3 Bedrooms 27.67
4 Bedrooms 47.07
5 or more bedrooms 12.81