Somers Point, NJ offers a great housing market with a median house value of $320,000. This is just slightly below the US median house value of $338,100. Additionally, Somers Point has outperformed the US 1 year appreciation rate of 8.27%, with an increase in value of 16.42%. With these results, Somers Point is an attractive housing option for many looking to invest in real estate as it provides solid returns and stability in the market.
The median home cost in Somers Point is $320,000. Home appreciation the last 10 years has been 70.7%. Home Appreciation in Somers Point is up 20.3%.
Average Age of Homes
- The median age of Somers Point real estate is 50 years old
The Rental Market in Somers Point
- Renters make up 37.3% of the Somers Point population
- 2.3% of houses and apartments in Somers Point, 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.