The housing in 08078 Runnemede, NJ is quite desirable. According to the data, the median value of housing in this area is $241,000 which is considerably less than the US House Median Value of $338,100. Despite this lower median value, the one year house appreciation in 08078 Runnemede, NJ has been 15.62%, which is substantially higher than the US 1 Year House Appreciation of 8.27%. This indicates that 08078 Runnemede, NJ is a desirable place to buy or invest in housing and that its value will likely continue to increase over time.
The median home cost in Runnemede (zip 08078) is $241,000. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Runnemede (zip 08078) is up 18.1%.
Average Age of Homes
- The median age of Runnemede (zip 08078) real estate is 59 years old
The Rental Market in Runnemede (zip 08078)
- Renters make up 25.1% of the Runnemede (zip 08078) population
- 0.8% of houses and apartments in Runnemede (zip 08078), 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.