Mount Laurel, NJ

Population: 41,738
Average annual home appreciation rate: 6.97%
Total of homes for sale in this market: 270
Median home price: $276,433
Median Rent: $1,509 per room
Home price range: 27.38% of homes are between $194,001 – $291,000
Median sales price: $196,500
Number of homes: 340
Median foreclosure sales price: $192,000
Foreclosure discount: 2.3%
Most common home type: 52.83% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 4.26%
Number of renters: 17.61%
Number of owner occupied: 82.39%
Number people living below poverty level: 3.95%
Unemployment rate: 4.8%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Mount Laurel area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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