The housing market in Deerfield, NJ has been steadily increasing in value over the past year. The median value for a house in Deerfield is currently $284,900, which is significantly lower than the US median of $338,100. However, homes in Deerfield have experienced an appreciation rate of 10.41% in the last year compared to 8.27% nationally. This indicates that although prices are lower than the national average, there is still strong demand and continued growth potential within the area's housing market.
The median home cost in Deerfield is $284,900. Home appreciation the last 10 years has been 58.8%. Home Appreciation in Deerfield is up 17.5%.
Average Age of Homes
- The median age of Deerfield real estate is 42 years old
The Rental Market in Deerfield
- Renters make up 10.7% of the Deerfield population
- 0.0% of houses and apartments in Deerfield, 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.