The housing market in Carteret, NJ is thriving. The median value is $402,200, which is higher than the US median value of $338,100. In addition, the 1 year appreciation of house values in Carteret, NJ is 10.07%, which is higher than the US rate of 8.27%. This data suggests that Carteret has a strong and healthy housing market with high demand for properties driving up house prices and appreciation rates.
The median home cost in Carteret is $402,200. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Carteret is up 13.9%.
Average Age of Homes
- The median age of Carteret real estate is 55 years old
The Rental Market in Carteret
- Renters make up 38.8% of the Carteret population
- 1.3% of houses and apartments in Carteret, 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.