Mount Laurel, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mount Laurel Neighborhoods Since 2000




Mount Laurel, 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 Laurel Housing Market Information

With 41,842 people, 1,761 houses or apartments, and a median cost of homes of $290,224, Mount Laurel 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 Laurel, accounting for 53.15% of the town's housing units. Other types of housing that are prevalent in Mount Laurel include row houses and other attached homes ( 23.90%), large apartment complexes or high rise apartments ( 16.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.79%).

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 Laurel. Owner-occupied housing accounts for 80.51% of Mount Laurel's homes, and 54.71% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mount Laurel 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 Laurel built between 1940-1969 ( 14.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.64%). There's also some housing in Mount Laurel built before 1939 ( 1.55%).

Mount Laurel Home Appreciation Rates

Mount Laurel's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mount Laurel during the period has been just -1.68%, which is lower than 80% of US communities.

Over the last year, Mount Laurel appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Laurel's appreciation rate has been 1.39%, 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 Laurel were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Mount Laurel's latest annual appreciation rate is lower than 70% 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 Laurel differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mount Laurel - 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 Laurel real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$290,224

Mount Laurel, NJ HOME PRICES

Value Range
> $1,046,000 0.5
$784,001 - $1,046,000 1.1
$523,001 - $784,000 7.9
$418,001 - $523,000 8.5
$314,001 - $418,000 22.0
$209,001 - $314,000 27.8
$105,001 - $209,000 27.2
$52,001 - $105,000 3.0
$0 - $52,000 2.1

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
17.2272354388843 67.2764227642276

Number Of Homes And Apartments:
1,761

Mount Laurel 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
52.32% 2.47% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,832 / per month

Homeownership Rate

Homeownership
Owners 80.51
Renters 19.49
Vacant 5.81

Housing Market Details

 

Age of Homes

AGE OF Mount Laurel HOMES
2000 or Newer 10.6
1970 - 1999 73.4
1940 - 1969 14.5
1939 or Older 1.5

Types of Homes

TYPE OF Mount Laurel HOMES
Single-Family 53.1
Townhomes 23.9
Small Apt. Buildings 4.8
Apt. Complexes 16.5
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Mount Laurel HOMES
No Bedroom 0.54
1 Bedroom 5.70
2 Bedrooms 34.48
3 Bedrooms 27.36
4 Bedrooms 27.35
5 or more bedrooms 4.58