The housing market in East Rutherford, NJ is thriving compared to the US average. The median value of a house in East Rutherford is $497,800, while the US median value is $338,100. The appreciation rate for houses in East Rutherford over the past year has been 10.07%, much higher than the 8.27% appreciation rate seen across the US. This indicates that East Rutherford's strong housing market is likely to continue for some time to come.
The median home cost in East Rutherford is $497,800. Home appreciation the last 10 years has been 66.2%. Home Appreciation in East Rutherford is up 13.9%.
Average Age of Homes
- The median age of East Rutherford real estate is 61 years old
The Rental Market in East Rutherford
- Renters make up 56.3% of the East Rutherford population
- 1.3% of houses and apartments in East Rutherford, 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.