The housing market in North Hanover, NJ is quite strong, with the median value at $437,200 and a one year appreciation rate of 16.09%. In comparison to the entire US housing market, the median value in North Hanover is much higher at $338,100 and the appreciation rate is almost double at 8.27%. This shows that North Hanover has a very healthy housing market and it is a great place for potential home buyers to consider investing in.
The median home cost in North Hanover is $437,200. Home appreciation the last 10 years has been 62.7%. Home Appreciation in North Hanover is up 18.9%.
Average Age of Homes
- The median age of North Hanover real estate is 23 years old
The Rental Market in North Hanover
- Renters make up 47.0% of the North Hanover population
- 2.1% of houses and apartments in North 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.