Somerdale, NJ has a median housing value of $275,500, which is significantly lower than the US median housing value of $338,100. Despite this difference, the appreciation rate for homes in Somerdale has been higher than the US average at 15.62% over the past year compared to 8.27%. This indicates that Somerdale's real estate market is currently on an upswing and that now may be an opportune time to purchase a home in the area.
The median home cost in Somerdale is $275,500. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Somerdale is up 18.1%.
Average Age of Homes
- The median age of Somerdale real estate is 54 years old
The Rental Market in Somerdale
- Renters make up 29.6% of the Somerdale population
- 0.0% of houses and apartments in Somerdale, 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.