Midland Park, NJ is known for its beautiful homes and high housing prices. The median home value in Midland Park is currently $549,700, which is substantially higher than the US median of $338,100. Although the one year house appreciation rate in Midland Park was slightly lower than the US average at 7.56%, it still shows that the area's housing market is on an upward trend. This reflects positively on the quality of life offered by Midland Park, making it a desirable place to live for many families.
The median home cost in Midland Park is $549,700. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Midland Park is up 12.7%.
Average Age of Homes
- The median age of Midland Park real estate is 65 years old
The Rental Market in Midland Park
- Renters make up 31.3% of the Midland Park population
- 1.2% of houses and apartments in Midland Park, 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.