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 25,291, 9,644 total housing units (homes and apartments), and a median house value of $682,116, real estate costs in Mahwah 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 Mahwah, accounting for 46.04% of the township's housing units. Other types of housing that are prevalent in Mahwah include row houses and other attached homes ( 22.33%), large apartment complexes or high rise apartments ( 20.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.34%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mahwah. Owner-occupied housing accounts for 73.14% of Mahwah's homes, and 44.58% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Mahwah 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 Mahwah built between 1940-1969 ( 17.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.48%). There's also some housing in Mahwah built before 1939 ( 6.85%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Mahwah, where house values have increased just 43.99%, which is annualized rate of 3.71%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Mahwah's appreciation rate, at 6.26%, has been at or slightly above the national average. In the latest quarter, Mahwah's appreciation rate has been 2.82%, which annualizes to a rate of 11.77%.
Relative to New Jersey, our data show that Mahwah's latest annual appreciation rate is lower than 90% 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 township. Individual neighborhoods within Mahwah differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mahwah - 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 Mahwah real estate investment or home purchase decisions.
$682,116
for New jersey
for nation
9,644
$4,128 / per month