Housing in Mountain Lakes, NJ is significantly more expensive than the median value of housing in the United States. The median value for a home in Mountain Lakes, NJ is $896,900 compared to the US median value of $338,100. In addition to being more expensive, there has been an increased appreciation of house values in Mountain Lakes over the last year that surpasses the national average. The US house appreciation rate for this period was 8.27%, while the appreciation rate for housing in Mountain Lakes was 10.07%. This indicates that housing in Mountain Lakes is becoming increasingly attractive as an investment option and may become even more valuable in coming years.
The median home cost in Mountain Lakes is $896,900. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Mountain Lakes is up 13.9%.
Average Age of Homes
- The median age of Mountain Lakes real estate is 62 years old
The Rental Market in Mountain Lakes
- Renters make up 7.0% of the Mountain Lakes population
- 0.0% of houses and apartments in Mountain Lakes, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.