Zip 07751 (Morganville, NJ) Housing

The housing market in 07751 Morganville, NJ is flourishing. The median value of a house in this area is $709,300, which is significantly higher than the U.S. median value of $338,100. This shows an increase in demand for housing in this area. In addition to this, the 1 year appreciation rate of houses in 07751 Morganville, NJ is 11.40%, nearly 3 times higher than the national average of 8.27%. This demonstrates that the housing market in 07751 Morganville, NJ is booming and could be a great investment opportunity for potential buyers looking to purchase property here.

The median home cost in Morganville (zip 07751) is $709,300. Home appreciation the last 10 years has been 78.1%. Home Appreciation in Morganville (zip 07751) is up 17.5%.

Average Age of Homes

- The median age of Morganville (zip 07751) real estate is 29 years old

The Rental Market in Morganville (zip 07751)

- Renters make up 1.5% of the Morganville (zip 07751) population
- 0.0% of houses and apartments in Morganville (zip 07751), 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	Morganville, New Jersey	United States
	7,286.0	139,647,020.0
	33	42
	$709,300	$338,100
	17.5%	16.6%
	53.3%	57.0%
	78.1%	101.1%
	$20.20	$10.98
	$10,001	$2,690
	88.3%	57.4%
	3.7%	11.2%
	8.0%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	0.0%	0.4%
	2.4%	3.6%
	0.7%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.0%	2.4%
	0.3%	2.8%
	0.4%	3.9%
	0.4%	4.5%
	2.3%	11.3%
	0.4%	13.0%
	7.1%	20.1%
	13.2%	13.6%
	14.1%	8.3%
	39.8%	9.7%
	14.2%	3.9%
	5.7%	2.2%
	0.6%	0.8%
	0.7%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.7%	13.6%
	16.7%	13.6%
	26.6%	13.6%
	15.2%	13.2%
	16.8%	14.8%
	26.6%	13.6%
	6.0%	10.0%
	0.2%	4.7%
	2.4%	12.2%

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