The housing market in Woodbury, NJ is thriving as evidenced by the median value of $246,400. This is significantly lower than the US House Median Value of $338,100 and it is even more impressive when considering that the US 1 year house appreciation rate is 8.27%, while the one year appreciation rate for Woodbury, NJ was 15.62%. This indicates that the housing in Woodbury, NJ is increasingly desirable, with people willing to pay more for properties in this area. Therefore, it's a great time to invest in real estate here as prices are still relatively low with strong potential for further growth.
The median home cost in Woodbury is $246,400. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Woodbury is up 18.1%.
Average Age of Homes
- The median age of Woodbury real estate is 67 years old
The Rental Market in Woodbury
- Renters make up 33.5% of the Woodbury population
- 2.4% of houses and apartments in Woodbury, 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.