Rutherford, NJ is a desirable location for homeowners due to its high median housing value of $601,200. This is nearly double the US median housing value of $338,100. In the past year, house appreciation in Rutherford has been even higher than the national average at 10.07%. This makes it an ideal location to invest in real estate for those looking for long term capital appreciation and security.
The median home cost in Rutherford is $601,200. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Rutherford is up 13.9%.
Average Age of Homes
- The median age of Rutherford real estate is 70 years old
The Rental Market in Rutherford
- Renters make up 37.8% of the Rutherford population
- 0.6% of houses and apartments in Rutherford, 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.