Commercial, NJ is a great place to invest in housing due to its low median value compared to the US median value. The median value of housing in Commercial, NJ is $163,700, while the US median value is $338,100. In the last year, house appreciation in Commercial was 10.41%, higher than the 8.27% average for house appreciation across the US. This demonstrates that investing in housing in Commercial, NJ has a potential for good returns and will likely continue to appreciate over time.
The median home cost in Commercial is $163,700. Home appreciation the last 10 years has been 58.8%. Home Appreciation in Commercial is up 17.5%.
Average Age of Homes
- The median age of Commercial real estate is 45 years old
The Rental Market in Commercial
- Renters make up 22.5% of the Commercial population
- 0.0% of houses and apartments in Commercial, 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.