Housing in Hamburg, NJ is a great investment opportunity. The median value of homes in the area is $310,500, which is significantly lower than the US median value of $338,100. In addition to the lower cost, the one-year house appreciation rate for Hamburg homes is 7.56%, slightly below the national average of 8.27%. With these factors taken into consideration, it's easy to see why so many are choosing to invest in housing in Hamburg; it offers great value for money and opportunity for growth.
The median home cost in Hamburg is $310,500. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Hamburg is up 12.7%.
Average Age of Homes
- The median age of Hamburg real estate is 33 years old
The Rental Market in Hamburg
- Renters make up 12.3% of the Hamburg population
- 0.0% of houses and apartments in Hamburg, 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.