The housing market in Paramus, NJ is flourishing. The median value of a home in this area is well above the US median value at $755,900. This number has seen a 10.32% appreciation over the past year, which is higher than the US average of 8.27%. This demonstrates that Paramus is an attractive place to purchase homes and invest in real estate.
The median home cost in Paramus is $755,900. Home appreciation the last 10 years has been 52.1%. Home Appreciation in Paramus is up 9.0%.
Average Age of Homes
- The median age of Paramus real estate is 56 years old
The Rental Market in Paramus
- Renters make up 11.6% of the Paramus population
- 0.8% of houses and apartments in Paramus, 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.