New Hanover, NJ is a great place to invest in real estate due to the high housing median value of $318,400 and the higher than average 1 year house appreciation rate of 15.54%. This is well above the US median value of $338,100 and house appreciation rate of 8.27%. It is clear that buying or selling property in New Hanover is a smart move for anyone looking to get into the real estate market who wants to make a solid return on their investment.
The median home cost in New Hanover is $318,400. Home appreciation the last 10 years has been 62.8%. Home Appreciation in New Hanover is up 19.4%.
Average Age of Homes
- The median age of New Hanover real estate is 20 years old
The Rental Market in New Hanover
- Renters make up 55.9% of the New Hanover population
- 1.2% of houses and apartments in New Hanover, 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.