The housing in 08344 Newfield, NJ is slightly more appreciated than the national average. The median value of a house in the town is $252,700 which is lower than the US median of $338,100. However, the one year appreciation rate of 10.41% is above the US's 8.27%, showing that houses in Newfield are increasing in value at a faster pace than the rest of the country. This could make it an attractive option for potential homebuyers looking to invest in an area with a good appreciation rate.
The median home cost in Newfield (zip 08344) is $252,700. Home appreciation the last 10 years has been 58.8%. Home Appreciation in Newfield (zip 08344) is up 17.5%.
Average Age of Homes
- The median age of Newfield (zip 08344) real estate is 46 years old
The Rental Market in Newfield (zip 08344)
- Renters make up 15.8% of the Newfield (zip 08344) population
- 1.3% of houses and apartments in Newfield (zip 08344), 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.