Mullica Hill, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mullica Hill Neighborhoods Since 2000




Mullica Hill, 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

Mullica Hill Housing Market Information

With 4,111 people, 1,559 houses or apartments, and a median cost of homes of $291,551, Mullica Hill real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Mullica Hill, accounting for 81.65% of the town's housing units. Other types of housing that are prevalent in Mullica Hill include large apartment complexes or high rise apartments ( 10.26%), row houses and other attached homes ( 5.13%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.95%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mullica Hill. Owner-occupied housing accounts for 79.82% of Mullica Hill's homes, and 60.17% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mullica Hill 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 Mullica Hill built between 2000 and later ( 26.68%). A lesser amount of the housing stock also hails from before 1939 ( 10.90%). There's also some housing in Mullica Hill built between 1940-1969 ( 9.49%).

Mullica Hill Home Appreciation Rates

Mullica Hill's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mullica Hill during the period has been just -2.05%, which is lower than 80% of US communities.

Over the last year, Mullica Hill appreciation rates have trailed the rest of the nation. In the last twelve months, Mullica Hill's appreciation rate has been 1.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mullica Hill were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$291,551

Mullica Hill, NJ HOME PRICES

Value Range
> $1,020,000 0.1
$765,001 - $1,020,000 2.1
$510,001 - $765,000 12.2
$408,001 - $510,000 14.8
$306,001 - $408,000 33.2
$204,001 - $306,000 22.8
$102,001 - $204,000 10.2
$51,001 - $102,000 1.9
$0 - $51,000 2.5

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
17.051447322161 66.6666666666667

Number Of Homes And Apartments:
1,559

Mullica Hill 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
32.44% 1.64% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,671 / per month

Homeownership Rate

Homeownership
Owners 79.82
Renters 20.18
Vacant 0.00

Housing Market Details

 

Age of Homes

AGE OF Mullica Hill HOMES
2000 or Newer 26.7
1970 - 1999 52.9
1940 - 1969 9.5
1939 or Older 10.9

Types of Homes

TYPE OF Mullica Hill HOMES
Single-Family 81.7
Townhomes 5.1
Small Apt. Buildings 3.0
Apt. Complexes 10.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Mullica Hill HOMES
No Bedroom 0.58
1 Bedroom 6.35
2 Bedrooms 28.74
3 Bedrooms 36.18
4 Bedrooms 23.99
5 or more bedrooms 4.17