Elmwood Park, NJ is a great place to call home due to the high median value of housing. At $480,200, it is well above the U.S. median house value of $338,100 and has also seen a healthy appreciation rate in the last year at 7.56%, just slightly below the national average of 8.27%. With its vibrant real estate market, Elmwood Park is an ideal choice for those looking to invest in homeownership for years to come.
The median home cost in Elmwood Park is $480,200. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Elmwood Park is up 12.7%.
Average Age of Homes
- The median age of Elmwood Park real estate is 60 years old
The Rental Market in Elmwood Park
- Renters make up 40.6% of the Elmwood Park population
- 2.1% of houses and apartments in Elmwood Park, 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.