Cranbury, NJ is a desirable area to live in with its high housing median value of $750,100. This is significantly higher than the US House Median Value of $338,100 and reflects the increased demand for property in this area. The 1 year House Appreciation rate for Cranbury, NJ is 16.62%, which is almost double the US rate of 8.27%. This indicates a vibrant housing market in Cranbury and that it remains an attractive location to purchase property.
The median home cost in Cranbury township is $750,100. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Cranbury township is up 18.4%.
Average Age of Homes
- The median age of Cranbury township real estate is 35 years old
The Rental Market in Cranbury township
- Renters make up 12.3% of the Cranbury township population
- 0.0% of houses and apartments in Cranbury township, 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.