Mullica Hill, NJ—08062
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mullica Hill, NJ
As of Oct '25, the median home price in Mullica Hill, NJ is $586,000, with a year-over-year change of 2.4%. This indicates that home prices in Mullica Hill, NJ are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $586,000 | 2.4% |
| Single Family | $590,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $407,000 | 6.3% |
3 Bed | $443,000 | 3.3% |
4 Bed | $702,000 | 1.4% |
| 5 Bed | $765,000 | 1.5% |
% of Housing Stock
Rental Trends — Mullica Hill, NJ
As of July '25, Rentcast reports the average rent in Mullica Hill, NJ is $2,590, with a year-over-year rent change of 9.3%. Per bedroom, the median rent as of July '25 in Mullica Hill, NJ is 2-bedrooms: $1,910, 3-bedrooms: $2,800, 4-bedrooms: $4,200. The most common rental property sizes in Mullica Hill, NJ are 2-bedroom and 3-bedroom, accounting for 36.0% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,590 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,900 | $1,910 |
| 3 Bed Rent | $2,500 | $2,800 |
| 4 Bed Rent | $2,500 | $4,200 |
% of Rental Stock
Property Listings — Mullica Hill, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Mullica Hill, NJ is 54. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $625,000 | -11.0% |
Listing Count | 106 | 36.0% |
| Listings as % of Homes | 0.8% | 36.0% |
Days on Market | 54 | 26.0% |
Demographics — Mullica Hill, NJ
As of the latest ACS Survey released in 2023, Mullica Hill, NJ has a population of 18,000, which has increased by 10.2% over the past 5 years. Mullica Hill, NJ is a popular place for families, as children make up 26.2% of the population. The area has a highly educated workforce, with 54.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,000 | 10.2% |
% Under 18 | 26.2% | -9.3% |
% Seniors | 13.6% | 27.1% |
% WFH | 21.6% | 323.5% |
% w/ College Degree | 54.2% | 6.7% |
As of the latest ACS Survey released in 2023, Mullica Hill, NJ is a predominantly white area, with 84.0% of the population identifying as white. The white population has shrunk by 10.4% in the last 5 years. The second most common race or ethnicity in Mullica Hill, NJ is asian, making up 4.4% of the population. Foreign-born residents account for 5.5% of the population in Mullica Hill, NJ, and this percentage has increased by 48.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.0% | -10.4% |
% Black | 3.7% | 117.6% |
% Hispanic | 4.4% | 25.7% |
% Asian | 4.4% | 1,000.0% |
% Foreign Born | 5.5% | 48.6% |
Mortgage and Risk — Mullica Hill, NJ
According to HUD data as of 2023, there were 361 mortgage originations in Mullica Hill, NJ, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Mullica Hill, NJ. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 361 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Mullica Hill, NJ
Mullica Hill, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 81 |
Total Units Section 8 | 81 |
% Rentals under Section 8 | 19.2% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,440 |
| 2 Bedroom | -$180 | $1,900 | $1,720 |
| 3 Bedroom | -$430 | $2,500 | $2,070 |
| 4 Bedroom | -$140 | $2,500 | $2,360 |
Affordability — Mullica Hill, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $586,000 |
| Median Household Income | $159,000 |