Cresskill, NJ is a desirable location for living, as evidenced by its median housing value of $779,600. This is more than double the US median house value of $338,100, showing that Cresskill is an affluent area. Furthermore, Cresskill has seen strong appreciation in the last year with a 10.32% appreciation rate compared to the US’s 8.27%. This demonstrates that not only are people willing to pay a premium for housing in Cresskill but also that their real estate investments are paying off.
The median home cost in Cresskill is $779,600. Home appreciation the last 10 years has been 52.1%. Home Appreciation in Cresskill is up 9.0%.
Average Age of Homes
- The median age of Cresskill real estate is 59 years old
The Rental Market in Cresskill
- Renters make up 13.6% of the Cresskill population
- 1.1% of houses and apartments in Cresskill, 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.