The housing in Colonia, NJ is quite expensive, with the median value of a house being $465,500. This is significantly higher than the US median value of $338,100. The appreciation rate for houses in Colonia is also higher than the national average; over the last year, it has increased by 10.07%, which is higher than the US rate of 8.27%. Therefore, when looking to buy property in this area it is important to consider the potential appreciation as well as the current cost of purchasing a home.
The median home cost in Colonia is $465,500. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Colonia is up 13.9%.
Average Age of Homes
- The median age of Colonia real estate is 59 years old
The Rental Market in Colonia
- Renters make up 10.4% of the Colonia population
- 0.0% of houses and apartments in Colonia, 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.