The housing market in Smithville, NJ is thriving; the median value of houses is currently at $207,800, which is significantly lower than the US median house value of $338,100. In addition to this great value proposition, Smithville has experienced an impressive 1 year appreciation rate of 16.42%, nearly double the national average of 8.27%. This indicates that there's a strong demand for housing in Smithville as well as potential for prices to continue to appreciate. All signs point to Smithville being a great location for prospective home buyers looking to get more bang for their buck.
The median home cost in Smithville is $207,800. Home appreciation the last 10 years has been 70.7%. Home Appreciation in Smithville is up 20.3%.
Average Age of Homes
- The median age of Smithville real estate is 26 years old
The Rental Market in Smithville
- Renters make up 20.5% of the Smithville population
- 1.7% of houses and apartments in Smithville, 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.