Housing in 07003 Bloomfield, NJ is significantly more expensive than the US House Median Value of $338,100. The median value of housing in this area is around $463,000 which is a 37% increase from the national average. Over the past year, house appreciation in this area has gone up 10.07%, which is 2% higher than the US average of 8.27%. This area is a desirable location for many home buyers and shows great promise for future investment opportunities.
The median home cost in Bloomfield (zip 07003) is $463,000. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Bloomfield (zip 07003) is up 13.9%.
Average Age of Homes
- The median age of Bloomfield (zip 07003) real estate is 74 years old
The Rental Market in Bloomfield (zip 07003)
- Renters make up 41.4% of the Bloomfield (zip 07003) population
- 0.4% of houses and apartments in Bloomfield (zip 07003), 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.