The housing market in 07016 Cranford, NJ is thriving. The median value of homes in this area is $582,000, which is much higher than the US house median value of $338,100. The 1 year appreciation of houses in Cranford was 10.07%, which is higher than the national 1 year house appreciation rate of 8.27%. This data suggests that Cranford has a strong and stable housing market, making it an attractive place to live for prospective homeowners.
The median home cost in Cranford (zip 07016) is $582,000. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Cranford (zip 07016) is up 13.9%.
Average Age of Homes
- The median age of Cranford (zip 07016) real estate is 65 years old
The Rental Market in Cranford (zip 07016)
- Renters make up 18.8% of the Cranford (zip 07016) population
- 1.4% of houses and apartments in Cranford (zip 07016), 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.