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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 5,569, 1,897 total housing units (homes and apartments), and a median house value of $917,954, Belle Mead house prices are not only among the most expensive in New Jersey, Belle Mead real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Belle Mead, accounting for 55.30% of the town's housing units. Other types of housing that are prevalent in Belle Mead include large apartment complexes or high rise apartments ( 25.99%), row houses and other attached homes ( 14.50%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.22%).
The most prevalent building size and type in Belle Mead are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.52% owning and 36.48% renting.
Belle Mead homes and real estate are some of the newest in America. 43.54% of Belle Mead's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Belle Mead real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.75%), and before 1939 ( 8.65%). There's also some housing in Belle Mead built between 1940-1969 ( 8.07%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Belle Mead, where house values have increased just 53.98%, which is annualized rate of 4.41%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Belle Mead that despite a nationwide downturn in the housing market, Belle Mead real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Belle Mead appreciation rates continue to be some of the highest in America, at 9.48%, which is higher than appreciation rates in 84.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Belle Mead. Belle Mead appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New Jersey, our data show that Belle Mead's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.
$917,954
for New jersey
for nation
1,897
$4,769 / per month