Ridgefield Park, NJ is an ideal place to buy a home, with a median value of $470,200 compared to the US median of $338,100. In addition, the one year appreciation rate in Ridgefield Park is 10.32%, higher than the nation's average of 8.27%. This makes Ridgefield Park an attractive option for those looking to invest in real estate. With its high investment potential and great location, it's not surprising that many people are choosing to make their homes in Ridgefield Park.
The median home cost in Ridgefield Park is $470,200. Home appreciation the last 10 years has been 52.1%. Home Appreciation in Ridgefield Park is up 9.0%.
Average Age of Homes
- The median age of Ridgefield Park real estate is 75 years old
The Rental Market in Ridgefield Park
- Renters make up 40.5% of the Ridgefield Park population
- 1.1% of houses and apartments in Ridgefield Park, 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.