The housing market in Rockaway borough, NJ has experienced strong appreciation over the past year. With a median value of $414,800, it is significantly higher than the US median value of $338,100. Additionally, the 1 year house appreciation rate in Rockaway borough is 10.13%, which is much higher than the national appreciation rate of 8.27%. These figures illustrate that Rockaway borough is a desirable place to purchase real estate and likely offers homeowners a good return on their investment.
The median home cost in Rockaway borough is $414,800. Home appreciation the last 10 years has been 56.2%. Home Appreciation in Rockaway borough is up 14.2%.
Average Age of Homes
- The median age of Rockaway borough real estate is 60 years old
The Rental Market in Rockaway borough
- Renters make up 31.2% of the Rockaway borough population
- 0.0% of houses and apartments in Rockaway 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.