The housing market in Fanwood, NJ is thriving and quite robust. With the median value of homes at $563,400, it is well above the US median of $338,100. This is also demonstrated in the appreciation rate for homes in Fanwood over the past year which was 10.07%, considerably higher than the US average of 8.27%. These numbers clearly demonstrate that the housing market in Fanwood is a great place to invest and live right now.
The median home cost in Fanwood is $563,400. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Fanwood is up 13.9%.
Average Age of Homes
- The median age of Fanwood real estate is 62 years old
The Rental Market in Fanwood
- Renters make up 4.9% of the Fanwood population
- 0.0% of houses and apartments in Fanwood, 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.