Fair Lawn, NJ is a great place to buy a house. The housing median value in the area is $535,000, which is significantly higher than the US house median value of $338,100. Additionally, the appreciation of houses in Fair Lawn over the past year has been 7.56%, which is slightly lower than the national 1 year appreciation rate of 8.27%. Investing in housing in Fair Lawn seems to be a wise decision considering both its high median value as well as its steady annual appreciation rate.
The median home cost in Fair Lawn is $535,000. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Fair Lawn is up 12.7%.
Average Age of Homes
- The median age of Fair Lawn real estate is 64 years old
The Rental Market in Fair Lawn
- Renters make up 21.2% of the Fair Lawn population
- 0.5% of houses and apartments in Fair Lawn, 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.