Mount Ephraim, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mount Ephraim Neighborhoods Since 2000




Mount Ephraim, 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

Mount Ephraim Housing Market Information

With 4,639 people, 1,757 houses or apartments, and a median cost of homes of $159,637, Mount Ephraim real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Mount Ephraim homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Mount Ephraim, accounting for 76.47% of the borough's housing units. Other types of housing that are prevalent in Mount Ephraim include large apartment complexes or high rise apartments ( 11.64%), duplexes, homes converted to apartments or other small apartment buildings ( 6.73%), and a few row houses and other attached homes ( 5.16%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mount Ephraim. Owner-occupied housing accounts for 78.77% of Mount Ephraim's homes, and 59.04% 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. Mount Ephraim's housing was primarily built during this period, from the '40s through the '60s. A full 66.40% of the borough's housing hails from this era. Other housing ages represented in Mount Ephraim include homes built before 1939 ( 14.83%) and housing constructed between 1970-1999 ( 11.30%). There's also some housing in Mount Ephraim built between 2000 and later ( 7.47%).

Vacant housing appears to be an issue in Mount Ephraim. Fully 13.70% of the housing stock is classified as vacant. Left unchecked, vacant Mount Ephraim homes and apartments can be a drag on the real estate market, holding Mount Ephraim 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.

Mount Ephraim Home Appreciation Rates

Homes have actually lost value in Mount Ephraim over the last then years, as home values have seen a decline of 21.99% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mount Ephraim home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Mount Ephraim appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Ephraim's appreciation rate has been 1.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mount Ephraim were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Mount Ephraim's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$159,637

Mount Ephraim, NJ HOME PRICES

Value Range
> $1,009,000 0.3
$757,001 - $1,009,000 0.0
$504,001 - $757,000 0.9
$403,001 - $504,000 0.0
$302,001 - $403,000 1.9
$202,001 - $302,000 20.1
$101,001 - $202,000 63.5
$50,001 - $101,000 12.9
$0 - $50,000 0.4

Very Low for NJ
Average for Nation

Value Relative to Nation Value Relative to State
45.8865580686746 94.3089430894309

Number Of Homes And Apartments:
1,757

Mount Ephraim 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
49.24% 2.35% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,215 / per month

Homeownership Rate

Homeownership
Owners 78.77
Renters 21.23
Vacant 13.70

Housing Market Details

 

Age of Homes

AGE OF Mount Ephraim HOMES
2000 or Newer 7.5
1970 - 1999 11.3
1940 - 1969 66.4
1939 or Older 14.8

Types of Homes

TYPE OF Mount Ephraim HOMES
Single-Family 76.5
Townhomes 5.2
Small Apt. Buildings 6.7
Apt. Complexes 11.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Mount Ephraim HOMES
No Bedroom 0.49
1 Bedroom 15.03
2 Bedrooms 23.67
3 Bedrooms 45.73
4 Bedrooms 13.31
5 or more bedrooms 1.77