Maplewood, 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Maplewood, NJ Housing Market Trends

With a population of 25,359, 1,523 total housing units (homes and apartments), and a median house value of $693,809, Maplewood house prices are not only among the most expensive in New Jersey, Maplewood real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Maplewood, accounting for 65.66% of the town's housing units. Other types of housing that are prevalent in Maplewood include duplexes, homes converted to apartments or other small apartment buildings ( 20.51%), large apartment complexes or high rise apartments ( 10.13%), and a few row houses and other attached homes ( 3.70%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Maplewood. Owner-occupied housing accounts for 76.94% of Maplewood's homes, and 60.01% have either three or four bedrooms, which is average sized relative to America.

The housing in Maplewood was primarily built before 1939 ( 58.70%), making the housing stock in Maplewood some of the oldest overall in America, although there is a range of ages of homes in Maplewood. The next most important housing age is between 1940-1969 ( 28.06%), followed by between 1970-1999 ( 7.06%). There's also some housing in Maplewood built between 2000 and later ( 6.18%).

Maplewood Home Appreciation Rates

Appreciation rates for homes in Maplewood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 49.69%, which ranks in the top 40% nationwide. This equates to an annual average Maplewood house appreciation rate of 4.12%.

NeighborhoodScout's data show that during the latest twelve months, Maplewood's appreciation rate, at 9.36%, has been at or slightly above the national average. In the latest quarter, Maplewood's appreciation rate has been 3.18%, which annualizes to a rate of 13.34%.

Relative to New Jersey, our data show that Maplewood's latest annual appreciation rate is higher than 50% 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 Maplewood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Maplewood - 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 Maplewood real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$693,809

Maplewood, NJ HOME PRICES

> $1,202,000
3.6%
3.6%
$901,001 - $1,202,000
13.0%
13.0%
$601,001 - $901,000
33.0%
33.0%
$481,001 - $601,000
16.4%
16.4%
$360,001 - $481,000
18.7%
18.7%
$240,001 - $360,000
10.8%
10.8%
$120,001 - $240,000
3.6%
3.6%
$60,001 - $120,000
0.2%
0.2%
$0 - $60,000
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NJ

Value Relative To Nation

Number Of Homes And Apartments:
1,523

Maplewood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
137.19% 4.10%
9
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,034 / per month

Homeownership Rate

Owners
76.9%
76.9%
Renters
23.1%
23.1%
Vacant
4.5%
4.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.2%
6.2%
1970 - 1999
7.1%
7.1%
1940 - 1969
28.1%
28.1%
1939 or Older
58.7%
58.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.7%
65.7%
Townhomes
3.7%
3.7%
Small Apt. Buildings
20.5%
20.5%
Apt. Complexes
10.1%
10.1%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
8.6%
8.6%
2 Bedrooms
19.8%
19.8%
3 Bedrooms
37.8%
37.8%
4 Bedrooms
22.2%
22.2%
5 or more bedrooms
10.0%
10.0%
0.0% 100.0%
% OF HOMES