Housing in Cedar Grove, NJ is significantly more expensive than the national median value of $338,100. The median house value in Cedar Grove is $558,400; a difference of over $200,000. Additionally, housing in Cedar Grove has seen an appreciation of 10.07% within the last year, which is higher than the national average of 8.27%. This indicates that property values in this area are increasing at a faster rate than elsewhere in the US. It's no surprise that Cedar Grove is becoming an increasingly popular place to live and invest in real estate.
The median home cost in Cedar Grove is $558,400. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Cedar Grove is up 13.9%.
Average Age of Homes
- The median age of Cedar Grove real estate is 59 years old
The Rental Market in Cedar Grove
- Renters make up 20.5% of the Cedar Grove population
- 0.0% of houses and apartments in Cedar Grove, 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.