East Rutherford, NJ 07073 has an impressive housing median value compared to the US average. At $481,600, the median value of East Rutherford is approximately 44% higher than the US median value of $338,100. This difference is even more pronounced when considering the appreciation rates. Over the past year, the US housing market as a whole increased 8.27%, while East Rutherford increased 10.07%. This indicates that East Rutherford’s housing market has been performing significantly better than that of the nation. Overall, with its high median home value and strong appreciation rate, East Rutherford is an attractive option for prospective homeowners or real estate investors.
The median home cost in East Rutherford (zip 07073) is $481,600. Home appreciation the last 10 years has been 66.2%. Home Appreciation in East Rutherford (zip 07073) is up 13.9%.
Average Age of Homes
- The median age of East Rutherford (zip 07073) real estate is 61 years old
The Rental Market in East Rutherford (zip 07073)
- Renters make up 56.3% of the East Rutherford (zip 07073) population
- 1.3% of houses and apartments in East Rutherford (zip 07073), 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.