Brookfield, NJ has seen an impressive appreciation in housing value over the past year. The median value of a home in this area is $294,500, significantly lower than the US median value of $338,100. However, the one-year house appreciation rate for Brookfield is 10.13%, higher than the 8.27% national average. This reflects a growing demand for property in the area and suggests that now is an opportune time to make investments in local real estate.
The median home cost in Brookfield is $294,500. Home appreciation the last 10 years has been 56.2%. Home Appreciation in Brookfield is up 14.2%.
Average Age of Homes
- The median age of Brookfield real estate is 46 years old
The Rental Market in Brookfield
- Renters make up 20.0% of the Brookfield population
- 0.0% of houses and apartments in Brookfield, 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.