The housing in Vernon Valley, NJ is an attractive option for potential homeowners. The median value of homes in the area is $287,900, which is significantly lower than the national median of $338,100. Despite this difference in cost, Vernon Valley has still seen a strong return on housing investments over the past year with a 7.56% appreciation rate - slightly lower than the national average of 8.27%. This indicates that home buyers can expect to see positive returns on their properties when investing in Vernon Valley real estate.
The median home cost in Vernon Valley is $287,900. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Vernon Valley is up 12.7%.
Average Age of Homes
- The median age of Vernon Valley real estate is 43 years old
The Rental Market in Vernon Valley
- Renters make up 7.6% of the Vernon Valley population
- 0.0% of houses and apartments in Vernon Valley, 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.