Chatham borough, NJ is known for its high housing median value of $932,600. This is significantly higher than the US median house value of $338,100. Despite this large difference, both areas show a positive appreciation rate in home values: 8.27% for the US, and 6.48% for Chatham borough. While it may be expensive to purchase a house in Chatham borough, the house appreciation rate suggests that homeowners are likely to benefit from their investment over time.
The median home cost in Chatham borough is $932,600. Home appreciation the last 10 years has been 44.3%. Home Appreciation in Chatham borough is up 12.1%.
Average Age of Homes
- The median age of Chatham borough real estate is 71 years old
The Rental Market in Chatham borough
- Renters make up 20.1% of the Chatham borough population
- 0.9% of houses and apartments in Chatham borough, 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.