Demarest, NJ is an affluent suburb of New York City and the median value of housing in the area is quite high at $964,500. This is nearly triple the US median value of housing, which stands at $338,100. Additionally, Demarest has experienced significant appreciation over the past year at 10.32%, which is higher than the national average of 8.27%. Clearly, Demarest is a desirable place to live for those looking for high-end properties that have appreciated substantially in value over time.
The median home cost in Demarest is $964,500. Home appreciation the last 10 years has been 52.1%. Home Appreciation in Demarest is up 9.0%.
Average Age of Homes
- The median age of Demarest real estate is 57 years old
The Rental Market in Demarest
- Renters make up 10.1% of the Demarest population
- 0.0% of houses and apartments in Demarest, 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.