Wayne, NJ is a desirable place to live due to its housing market. The median value of homes in Wayne is $563,800, which is significantly higher than the US house median value of $338,100. Over the last year, home appreciation in Wayne has been 7.56%, slightly lower than the US average of 8.27%, but still indicative of a healthy housing market. With such a high median value and steady appreciation rate, Wayne has become an attractive place to settle down and purchase real estate.
The median home cost in Wayne is $563,800. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Wayne is up 12.7%.
Average Age of Homes
- The median age of Wayne real estate is 52 years old
The Rental Market in Wayne
- Renters make up 18.7% of the Wayne population
- 0.6% of houses and apartments in Wayne, 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.