Dumont, NJ is currently a hot housing market with a median value of $498,800 that significantly outpaces the US median value of $338,100. In the past year, there has been an appreciation of 10.32% in Dumont's housing prices compared to 8.27% nationally. This indicates that housing in Dumont is becoming more desirable and is attracting buyers from all over the area who are looking for a good investment opportunity. Therefore, it appears that the future for Dumont's housing market looks bright and positive.
The median home cost in Dumont is $498,800. Home appreciation the last 10 years has been 52.1%. Home Appreciation in Dumont is up 9.0%.
Average Age of Homes
- The median age of Dumont real estate is 65 years old
The Rental Market in Dumont
- Renters make up 29.2% of the Dumont population
- 0.4% of houses and apartments in Dumont, 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.