The housing market in Downe, NJ is looking quite good. The median value for a home is $206,300, which is lower than the national median of $338,100. However, the appreciation rate for homes in Downe is 10.41%, which is higher than the national rate of 8.27%. This shows that homes in Downe are becoming increasingly valuable and is certainly worth considering when looking to buy or invest in real estate in this area.
The median home cost in Downe is $206,300. Home appreciation the last 10 years has been 58.8%. Home Appreciation in Downe is up 17.5%.
Average Age of Homes
- The median age of Downe real estate is 59 years old
The Rental Market in Downe
- Renters make up 9.8% of the Downe population
- 1.2% of houses and apartments in Downe, 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.