Zip 07920 (Basking Ridge, NJ) Housing

The housing market in 07920 Basking Ridge, NJ is booming. The median value of homes in the area is $705,500, which is higher than the US median value of $338,100. In the past year alone, the appreciation of house prices in 07920 Basking Ridge has been 6.48%, lower than the national appreciation rate of 8.27%. This indicates that home values are rising more slowly in this area than across the country as a whole. Despite this slower rate of growth, investors and homeowners alike are taking advantage of the high median value to invest in real estate in the area for potential short-term and long-term gains.

The median home cost in Basking Ridge (zip 07920) is $705,500. Home appreciation the last 10 years has been 44.3%. Home Appreciation in Basking Ridge (zip 07920) is up 12.1%.

Average Age of Homes

- The median age of Basking Ridge (zip 07920) real estate is 32 years old

The Rental Market in Basking Ridge (zip 07920)

- Renters make up 15.1% of the Basking Ridge (zip 07920) population
- 0.2% of houses and apartments in Basking Ridge (zip 07920), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Basking Ridge, New Jersey	United States
	10,623.0	139,647,020.0
	36	42
	$705,500	$338,100
	12.1%	16.6%
	29.3%	57.0%
	44.3%	101.1%
	$22.01	$10.98
	$10,001	$2,690
	79.8%	57.4%
	3.7%	11.2%
	16.4%	31.4%
Vacant Housing
	0.2%	1.9%
	0.0%	0.4%
	1.2%	0.7%
	0.2%	0.4%
	0.1%	3.6%
	2.0%	4.1%
Value of Owner-Occupied Housing
	0.3%	2.6%
	0.2%	2.4%
	0.2%	2.8%
	0.1%	3.9%
	0.0%	4.5%
	0.6%	11.3%
	2.1%	13.0%
	6.9%	20.1%
	10.2%	13.6%
	8.3%	8.3%
	31.6%	9.7%
	19.9%	3.9%
	14.3%	2.2%
	3.2%	0.8%
	2.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.0%	13.6%
	8.0%	13.6%
	23.9%	13.6%
	30.4%	13.2%
	7.4%	14.8%
	23.9%	13.6%
	8.1%	10.0%
	1.8%	4.7%
	5.7%	12.2%