The housing market in Independence, NJ is doing very well. The median value of houses in the area is $364,500, which is higher than the US House Median Value of $338,100. Over the last year, house appreciation in Independence has been 10.13%, which is higher than the national average of 8.27%. These numbers indicate a strong housing market for those looking to buy or sell a home in Independence.
The median home cost in Independence is $364,500. Home appreciation the last 10 years has been 56.2%. Home Appreciation in Independence is up 14.2%.
Average Age of Homes
- The median age of Independence real estate is 30 years old
The Rental Market in Independence
- Renters make up 18.9% of the Independence population
- 0.0% of houses and apartments in Independence, 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.