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 4,639 people, 1,904 houses or apartments, and a median cost of homes of $277,486, Mount Ephraim real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Mount Ephraim homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Mount Ephraim, accounting for 77.17% of the borough's housing units. Other types of housing that are prevalent in Mount Ephraim include large apartment complexes or high rise apartments ( 12.95%), duplexes, homes converted to apartments or other small apartment buildings ( 5.22%), and a few row houses and other attached homes ( 4.67%).
The most prevalent building size and type in Mount Ephraim are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 63.27% owning and 36.73% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Mount Ephraim's housing was primarily built during this period, from the '40s through the '60s. A full 60.41% of the borough's housing hails from this era. Other housing ages represented in Mount Ephraim include homes built between 1970-1999 ( 19.52%) and housing constructed between 2000 and later ( 10.69%). There's also some housing in Mount Ephraim built before 1939 ( 9.38%).
Appreciation rates for homes in Mount Ephraim have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.62%, which ranks in the top 50% nationwide. This equates to an annual average Mount Ephraim house appreciation rate of 6.55%.
NeighborhoodScout's data show that during the latest twelve months, Mount Ephraim's appreciation rate, at 7.67%, has been at or slightly above the national average. In the latest quarter, Mount Ephraim's appreciation rate has been 1.44%, which annualizes to a rate of 5.90%.
Relative to New Jersey, our data show that Mount Ephraim's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.
$277,486
for New jersey
for nation
1,904
$2,032 / per month