Fort Lee, NJ is a city with relatively high housing costs compared to the US median. The median value for a house in Fort Lee is $550,100, almost double the US median of $338,100. Additionally, Fort Lee's 1 year house appreciation rate is 10.07%, which is more than the nation's 8.27% rate. This indicates that houses in Fort Lee are growing in value at a higher rate than the rest of the country.
The median home cost in Fort Lee is $550,100. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Fort Lee is up 13.9%.
Average Age of Homes
- The median age of Fort Lee real estate is 49 years old
The Rental Market in Fort Lee
- Renters make up 38.5% of the Fort Lee population
- 3.0% of houses and apartments in Fort Lee, 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.