Denville, NJ is a great place to buy a house. The housing median value in Denville is higher than the US median value at $549,400 compared to $338,100. In addition, the 1 year house appreciation rate in Denville is 10.10%, which is higher than the US appreciation rate of 8.27%. Therefore, buying a home in Denville could increase in value faster than the national average and could be a wise investment.
The median home cost in Denville is $549,400. Home appreciation the last 10 years has been 56.2%. Home Appreciation in Denville is up 14.2%.
Average Age of Homes
- The median age of Denville real estate is 53 years old
The Rental Market in Denville
- Renters make up 12.5% of the Denville population
- 2.8% of houses and apartments in Denville, 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.