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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Mount Ephraim, NJ Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Mount Ephraim, NJ Housing Market Trends

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%).

Mount Ephraim Home Appreciation Rates

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.

Average Home Values

Median Home Value

$277,486

Mount Ephraim, NJ Home Prices
> $1,450,000
$1,087,001 - $1,450,000
$725,001 - $1,087,000
$580,001 - $725,000
$435,001 - $580,000
$290,001 - $435,000
$145,001 - $290,000
$72,001 - $145,000
$0 - $72,000
0.0%
0.0%
2.0%
2.0%
0.0%
0.0%
3.5%
3.5%
4.7%
4.7%
40.1%
40.1%
47.9%
47.9%
0.6%
0.6%
1.2%
1.2%
0% 100.0%
% of Homes
Very Low

for New jersey

Average

for nation

Number of Homes And Apartments:

1,904

Mount Ephraim Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,032 / per month

Homeownership Rate

Owners
Renters
63.3%
63.3%
36.7%
36.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.5%
4.5%
95.5%
95.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.7%
10.7%
19.5%
19.5%
60.4%
60.4%
9.4%
9.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
77.2%
77.2%
4.7%
4.7%
5.2%
5.2%
12.9%
12.9%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.5%
0.5%
13.7%
13.7%
24.1%
24.1%
49.6%
49.6%
10.3%
10.3%
1.9%
1.9%
0% 100.0%
% of Homes