West Milford, NJ is a great place to consider when it comes to housing. The median value of homes in West Milford is $378,200, which is approximately $40,000 higher than the US median house value of $338,100. Additionally, the rate of appreciation for houses in West Milford has been 7.56%, which is 0.71% lower than the national 1 year appreciation rate of 8.27%. In other words, it can be argued that housing in West Milford remains relatively affordable compared to other parts of the United States. Therefore, for those looking to purchase or invest in housing within easy reach of New York City and other major East Coast cities, West Milford should definitely be considered.
The median home cost in West Milford is $378,200. Home appreciation the last 10 years has been 51.6%. Home Appreciation in West Milford is up 12.7%.
Average Age of Homes
- The median age of West Milford real estate is 49 years old
The Rental Market in West Milford
- Renters make up 11.3% of the West Milford population
- 0.5% of houses and apartments in West Milford, 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.