The housing market in Echelon, NJ is very dynamic. The median value of a house is $272,700 which is significantly lower than the US House Median Value of $338,100. This suggests that homes are more affordable in Echelon compared to the national average. Furthermore, houses have appreciated by 15.62% over the last year which is higher than the national appreciation rate of 8.27%. This indicates that home prices are increasing rapidly in Echelon and suggests that it could be a good place to invest in real estate.
The median home cost in Echelon is $272,700. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Echelon is up 18.1%.
Average Age of Homes
- The median age of Echelon real estate is 35 years old
The Rental Market in Echelon
- Renters make up 55.7% of the Echelon population
- 1.5% of houses and apartments in Echelon, 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.