The housing market in Bayonne, NJ is flourishing with the median value of a home currently at $501,600. This is significantly higher than the median value across the United States which stands at $338,100. In addition to this, the appreciation rate for houses in Bayonne is also exceeding that of the nationwide average at 10.07% compared to 8.27%. This development indicates a thriving and lucrative housing market in Bayonne and hints towards even more growth in the future.
The median home cost in Bayonne is $501,600. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Bayonne is up 13.9%.
Average Age of Homes
- The median age of Bayonne real estate is 68 years old
The Rental Market in Bayonne
- Renters make up 57.8% of the Bayonne population
- 2.7% of houses and apartments in Bayonne, 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.