The housing market in Teaneck, NJ is quite strong. The median value of homes in the area is $529,900, which is significantly higher than the US median value of $338,100. Furthermore, the one year house appreciation rate in Teaneck is 10.32%, which is higher than the national average of 8.27%. This makes Teaneck an attractive option for potential homeowners looking for a solid investment and quality living.
The median home cost in Teaneck is $529,900. Home appreciation the last 10 years has been 52.1%. Home Appreciation in Teaneck is up 9.0%.
Average Age of Homes
- The median age of Teaneck real estate is 69 years old
The Rental Market in Teaneck
- Renters make up 21.9% of the Teaneck population
- 0.1% of houses and apartments in Teaneck, 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.