South Orange Village, NJ is an affluent suburb in the northern part of New Jersey. The median value for housing in this area is extremely high at $917,200 compared to the US house median value of $338,100. This is a tremendous appreciation over one year since the US 1 year House Appreciation rate is 8.27%, while South Orange Village, NJ has a House 1 year appreciation rate of 10.07%. With such a high rate of appreciation, it's no wonder that people are flocking to this area to purchase their own homes and make South Orange Village, NJ their new home.
The median home cost in South Orange Village is $917,200. Home appreciation the last 10 years has been 66.2%. Home Appreciation in South Orange Village is up 13.9%.
Average Age of Homes
- The median age of South Orange Village real estate is 76 years old
The Rental Market in South Orange Village
- Renters make up 28.5% of the South Orange Village population
- 0.8% of houses and apartments in South Orange Village, 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.