The housing market in Erma, NJ is on the rise with a median value of $361,800. This is substantially higher than the United States median house value of $338,100. Furthermore, while the US has seen a 1 year appreciation of 8.27%, Erma has seen an even larger increase of 16.42%. This makes it a desirable location for those looking to invest in real estate or purchase their own home.
The median home cost in Erma is $361,800. Home appreciation the last 10 years has been 70.7%. Home Appreciation in Erma is up 20.3%.
Average Age of Homes
- The median age of Erma real estate is 41 years old
The Rental Market in Erma
- Renters make up 8.3% of the Erma population
- 0.0% of houses and apartments in Erma, 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.