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 5,908 people, 2,422 houses or apartments, and a median cost of homes of $539,086, Mount Arlington 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 Arlington, accounting for 50.94% of the borough's housing units. Other types of housing that are prevalent in Mount Arlington include large apartment complexes or high rise apartments ( 31.69%), row houses and other attached homes ( 13.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.50%).
Dwellings in Mount Arlington tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.37% of the homes in Mount Arlington have two or fewer bedrooms.
There is a lot of housing in Mount Arlington 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 Arlington built between 1940-1969 ( 27.77%). A lesser amount of the housing stock also hails from between 2000 and later ( 26.63%). There's also some housing in Mount Arlington built before 1939 ( 8.50%).
Vacant housing appears to be an issue in Mount Arlington. Fully 16.02% of the housing stock is classified as vacant. Left unchecked, vacant Mount Arlington homes and apartments can be a drag on the real estate market, holding Mount Arlington real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Mount Arlington's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.26% during the period.
Appreciation rates are so strong in Mount Arlington that despite a nationwide downturn in the housing market, Mount Arlington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Arlington appreciation rates continue to be some of the highest in America, at 18.65%, which is higher than appreciation rates in 99.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mount Arlington. Mount Arlington 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 Mount Arlington's latest annual appreciation rate is higher than 90% of the other cities and towns in New Jersey.
$539,086
for New jersey
for nation
2,422
$4,606 / per month