Avalon, NJ is one of the most desirable places to live in the country, due to its stunning beaches and beautiful oceanfront views. The median value for housing in Avalon is an impressive $2,397,600, which is significantly higher than the US House Median Value of $338,100. In addition to this high median value, Avalon has also seen a much higher appreciation rate in the past year when compared to the US. Specifically, Avalon's house 1 year appreciation rate was 16.42%, while the US was 8.27%. This high rate of appreciation makes it an ideal place to invest in real estate for those who can afford it.
The median home cost in Avalon is $2,397,600. Home appreciation the last 10 years has been 70.7%. Home Appreciation in Avalon is up 20.3%.
Average Age of Homes
- The median age of Avalon real estate is 35 years old
The Rental Market in Avalon
- Renters make up 1.5% of the Avalon population
- 6.7% of houses and apartments in Avalon, 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.