Mullica Hill, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mullica Hill, NJ Real Estate Data


Mullica Hill Housing Market Information

With 4,111 people, 1,591 houses or apartments, and a median cost of homes of $337,148, real estate costs in Mullica Hill are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Single-family detached homes are the single most common housing type in Mullica Hill, accounting for 80.14% of the town's housing units. Other types of housing that are prevalent in Mullica Hill include large apartment complexes or high rise apartments ( 12.13%), row houses and other attached homes ( 4.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.21%).

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 80.53% of Mullica Hill's homes, and 59.59% 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 ( 24.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.62%). There's also some housing in Mullica Hill built before 1939 ( 10.31%).

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 -1.97%, 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 2.71%, 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 1.89%, which equates to an annual appreciation rate of 7.76%.

Relative to New Jersey, our data show that Mullica Hill's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$337,148

Mullica Hill, NJ HOME PRICES

Value Range
> $1,038,000 0.1
$779,001 - $1,038,000 1.8
$519,001 - $779,000 12.6
$415,001 - $519,000 15.3
$311,001 - $415,000 32.2
$207,001 - $311,000 23.0
$104,001 - $207,000 10.8
$52,001 - $104,000 2.0
$0 - $52,000 2.1

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
13.4976869473561 55.0813008130081

Number Of Homes And Apartments:
1,591

Rent & Ownership

 

Average Market Rent:
$1,310 / per month

Homeownership Rate

Homeownership
Owners 80.53
Renters 19.47
Vacant 0.00

Housing Market Details

 

Age of Homes

AGE OF Mullica Hill HOMES
2000 or Newer 24.2
1970 - 1999 54.9
1940 - 1969 10.6
1939 or Older 10.3

Types of Homes

TYPE OF Mullica Hill HOMES
Single-Family 80.1
Townhomes 4.5
Small Apt. Buildings 3.2
Apt. Complexes 12.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Mullica Hill HOMES
No Bedroom 0.00
1 Bedroom 7.17
2 Bedrooms 30.23
3 Bedrooms 32.24
4 Bedrooms 27.34
5 or more bedrooms 3.02

Mullica Hill 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
33.25% 1.70% 1 4
* 10 is highest