The housing market in Wood-Ridge, NJ is doing well, with a median value of $509,600 that is significantly higher than the U.S. median value of $338,100. The one year appreciation rate for houses in Wood-Ridge is also higher than the national rate at 10.07%, indicating that this is an area where house prices are increasing rather quickly. With so many people looking to move to this area and take advantage of the rising real estate values, it is no surprise that Wood-Ridge remains one of the most desirable places to live in New Jersey.
The median home cost in Wood-Ridge is $509,600. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Wood-Ridge is up 13.9%.
Average Age of Homes
- The median age of Wood-Ridge real estate is 61 years old
The Rental Market in Wood-Ridge
- Renters make up 20.6% of the Wood-Ridge population
- 2.2% of houses and apartments in Wood-Ridge, 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.