The housing market in Mendham borough, NJ is quite strong, with the median value of homes coming in at $746,300. This is significantly higher than the national median value of homes, which stands at $338,100. When it comes to appreciation over the last year, Mendham borough has seen an increase of 6.48%, slightly less than the US average of 8.27%. This indicates that Mendham borough remains a desirable location for people looking to buy real estate.
The median home cost in Mendham borough is $746,300. Home appreciation the last 10 years has been 44.3%. Home Appreciation in Mendham borough is up 12.1%.
Average Age of Homes
- The median age of Mendham borough real estate is 45 years old
The Rental Market in Mendham borough
- Renters make up 14.5% of the Mendham borough population
- 1.9% of houses and apartments in Mendham borough, 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.