Mount Holly, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mount Holly Neighborhoods Since 2000




Mount Holly, NJ Real Estate Data


Mount Holly Housing Market Information

With a population of 24,230, 2,154 total housing units (homes and apartments), and a median house value of $231,705, Mount Holly real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Mount Holly homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Mount Holly, accounting for 57.05% of the town's housing units. Other types of housing that are prevalent in Mount Holly include row houses and other attached homes ( 23.10%), large apartment complexes or high rise apartments ( 10.42%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.65%).

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 Holly. Owner-occupied housing accounts for 71.81% of Mount Holly's homes, and 67.12% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mount Holly 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 Mount Holly built between 1940-1969 ( 27.00%). A lesser amount of the housing stock also hails from before 1939 ( 19.04%). There's also some housing in Mount Holly built between 2000 and later ( 11.83%).

Mount Holly Home Appreciation Rates

Homes have actually lost value in Mount Holly over the last then years, as home values have seen a decline of 20.25% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mount Holly home appreciation rates at 1.89%, which equates to an annual appreciation rate of 7.76%.

Over the last year, Mount Holly appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Holly's appreciation rate has been 3.69%, 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 Holly were at 1.89%, which equates to an annual appreciation rate of 7.76%.

Relative to New Jersey, our data show that Mount Holly's latest annual appreciation rate is lower than 50% 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 town. Individual neighborhoods within Mount Holly differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mount Holly - 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 Mount Holly real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$231,705

Mount Holly, NJ HOME PRICES

Value Range
> $1,033,000 0.9
$774,001 - $1,033,000 0.0
$517,001 - $774,000 1.3
$413,001 - $517,000 3.2
$310,001 - $413,000 14.4
$207,001 - $310,000 43.8
$103,001 - $207,000 28.6
$52,001 - $103,000 4.1
$0 - $52,000 3.7

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
26.2458277214967 81.0975609756098

Number Of Homes And Apartments:
2,154

Rent & Ownership

 

Average Market Rent:
$1,523 / per month

Homeownership Rate

Homeownership
Owners 71.81
Renters 28.19
Vacant 7.32

Housing Market Details

 

Age of Homes

AGE OF Mount Holly HOMES
2000 or Newer 11.8
1970 - 1999 42.1
1940 - 1969 27.0
1939 or Older 19.0

Types of Homes

TYPE OF Mount Holly HOMES
Single-Family 57.0
Townhomes 23.1
Small Apt. Buildings 7.7
Apt. Complexes 10.4
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Mount Holly HOMES
No Bedroom 0.73
1 Bedroom 10.91
2 Bedrooms 17.35
3 Bedrooms 47.94
4 Bedrooms 19.18
5 or more bedrooms 3.89

Mount Holly 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
51.13% 2.46% 4 6
* 10 is highest