Manalapan, NJ is a great place to live in terms of affording a house. The median value of houses in Manalapan is $639,900 which is significantly higher than the US House Median Value of $338,100. Not only that, the 1 year Appreciation rate of houses in Manalapan is 11.40%, which is much higher than the 8.27% appreciation rate seen throughout the US as a whole. Therefore, if you are looking for an area with steady and increasing property values, Manalapan might be worth considering.
The median home cost in Manalapan is $639,900. Home appreciation the last 10 years has been 78.1%. Home Appreciation in Manalapan is up 17.5%.
Average Age of Homes
- The median age of Manalapan real estate is 31 years old
The Rental Market in Manalapan
- Renters make up 8.3% of the Manalapan population
- 0.4% of houses and apartments in Manalapan, 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.