Monmouth, NJ County is a great place to live and buy a house with its median value of $592,600. This is significantly higher than the US House Median Value of $338,100. The US 1 year House Appreciation is 8.27%, which is already quite high, but Monmouth, NJ County has even seen an even higher appreciation rate of 16.28%. This makes it a great place for people looking to invest in real estate.
The median home cost in Monmouth County is $592,600. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Monmouth County is up 17.6%.
Average Age of Homes
- The median age of Monmouth County real estate is 45 years old
The Rental Market in Monmouth County
- Renters make up 22.7% of the Monmouth County population
- 0.8% of houses and apartments in Monmouth 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.