Park Ridge, NJ has one of the highest median values for housing in the country at $640,700. This is significantly higher than the national median value of $338,100. Over the past year, house appreciation rates in Park Ridge have been even more impressive than the national average – increasing by 10.32%, compared to 8.27% nationally. It's clear that Park Ridge is a great place to invest in real estate and enjoy a high return on your investment.
The median home cost in Park Ridge is $640,700. Home appreciation the last 10 years has been 52.1%. Home Appreciation in Park Ridge is up 9.0%.
Average Age of Homes
- The median age of Park Ridge real estate is 52 years old
The Rental Market in Park Ridge
- Renters make up 21.3% of the Park Ridge population
- 0.8% of houses and apartments in Park Ridge, 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.