Gloucester, NJ County has an impressive housing market with the median value of homes being $293,100. This is significantly lower than the US house median value of $338,100. Despite this and despite the US 1 year house appreciation rate of 8.27%, Gloucester, NJ County has seen a 10.38% increase in house values over the past year! This shows that the housing market in Gloucester is strong and resilient even during times of economic uncertainty. It also shows that prospective buyers should consider buying a home in Gloucester as they will be able to benefit from a potentially strong return on their investment.
The median home cost in Gloucester County is $293,100. Home appreciation the last 10 years has been 68.6%. Home Appreciation in Gloucester County is up 18.0%.
Average Age of Homes
- The median age of Gloucester County real estate is 39 years old
The Rental Market in Gloucester County
- Renters make up 18.9% of the Gloucester County population
- 0.7% of houses and apartments in Gloucester County, 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.