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 25,478, 9,570 total housing units (homes and apartments), and a median house value of $352,693, Mount Holly real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Mount Holly homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Mount Holly, accounting for 56.89% of the town's housing units. Other types of housing that are prevalent in Mount Holly include row houses and other attached homes ( 20.89%), duplexes, homes converted to apartments or other small apartment buildings ( 10.79%), and a few large apartment complexes or high rise apartments ( 10.56%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mount Holly. Owner-occupied housing accounts for 71.09% of Mount Holly's homes, and 62.75% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Mount Holly 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 Holly built between 1940-1969 ( 22.07%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.63%). There's also some housing in Mount Holly built before 1939 ( 16.15%).
Real estate appreciation rates in Mount Holly's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.41% during the period.
Appreciation rates are so strong in Mount Holly that despite a nationwide downturn in the housing market, Mount Holly real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Holly appreciation rates continue to be some of the highest in America, at 9.43%, which is higher than appreciation rates in 83.83% 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 Holly. Mount Holly appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.90%.
Relative to New Jersey, our data show that Mount Holly's latest annual appreciation rate is lower than 70% 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 town. Individual neighborhoods within Mount Holly differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mount Holly - 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 Mount Holly real estate investment or home purchase decisions.
$352,693
for New jersey
for nation
9,570
$2,563 / per month