Essex Fells, NJ has one of the highest median values for housing in the US, with a median value of $1,147,600. This is roughly three times the US median value of $338,100. The US average for house appreciation in 1 year was 8.27%, however Essex Fells had an impressive 10.07%, making it even more attractive for potential buyers. It's clear that Essex Fells is a great choice for those looking to invest in housing and reap the benefits of its high-value real estate market.
The median home cost in Essex Fells is $1,147,600. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Essex Fells is up 13.9%.
Average Age of Homes
- The median age of Essex Fells real estate is 71 years old
The Rental Market in Essex Fells
- Renters make up 5.6% of the Essex Fells population
- 0.0% of houses and apartments in Essex Fells, 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.