Allendale, NJ is a desirable location for homebuyers due to its attractive housing market. The median value of homes in Allendale is $824,900, which is significantly higher than the US median value of $338,100. In addition to this high value, the one year appreciation rate of houses in Allendale is 7.56%, only slightly lower than the US rate of 8.27%. This indicates that home buyers in Allendale can expect a steady increase in their home's value over time.
The median home cost in Allendale is $824,900. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Allendale is up 12.7%.
Average Age of Homes
- The median age of Allendale real estate is 54 years old
The Rental Market in Allendale
- Renters make up 10.2% of the Allendale population
- 5.2% of houses and apartments in Allendale, 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.