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

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 Holly Housing Market Information

With a population of 24,230, 2,168 total housing units (homes and apartments), and a median house value of $257,621, Mount Holly real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Mount Holly, accounting for 55.78% of the town's housing units. Other types of housing that are prevalent in Mount Holly include row houses and other attached homes ( 24.12%), large apartment complexes or high rise apartments ( 10.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.04%).

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 71.30% of Mount Holly's homes, and 66.75% 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 ( 26.38%). A lesser amount of the housing stock also hails from before 1939 ( 18.78%). There's also some housing in Mount Holly built between 2000 and later ( 11.01%).

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 21.93% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mount Holly home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

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 1.78%, 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 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Mount Holly's latest annual appreciation rate is lower than 60% 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:
$257,621

Mount Holly, NJ HOME PRICES

Value Range
> $1,035,000 0.5
$776,001 - $1,035,000 0.0
$517,001 - $776,000 1.2
$414,001 - $517,000 3.5
$311,001 - $414,000 13.7
$207,001 - $311,000 44.1
$103,001 - $207,000 30.0
$52,001 - $103,000 3.9
$0 - $52,000 3.2

Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
21.4051330130083 76.219512195122

Number Of Homes And Apartments:
2,168

Mount Holly 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
48.08% 2.30% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,479 / per month

Homeownership Rate

Homeownership
Owners 71.30
Renters 28.70
Vacant 7.09

Housing Market Details

 

Age of Homes

AGE OF Mount Holly HOMES
2000 or Newer 11.0
1970 - 1999 43.8
1940 - 1969 26.4
1939 or Older 18.8

Types of Homes

TYPE OF Mount Holly HOMES
Single-Family 55.8
Townhomes 24.1
Small Apt. Buildings 8.0
Apt. Complexes 10.7
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Mount Holly HOMES
No Bedroom 0.60
1 Bedroom 10.92
2 Bedrooms 17.88
3 Bedrooms 48.82
4 Bedrooms 17.93
5 or more bedrooms 3.86