The housing market in Far Hills, NJ is quite robust. The median value of homes in Far Hills is $1,025,000, which is more than three times the US median value of $338,100. Although the US housing market has seen a strong appreciation rate of 8.27% over the last year, Far Hills’ house values have appreciated at a slightly slower rate of 6.48%. Despite this slight difference, it is clear that Far Hills remains a desirable location for prospective homeowners who want to invest in their property and future.
The median home cost in Far Hills is $1,025,000. Home appreciation the last 10 years has been 44.3%. Home Appreciation in Far Hills is up 12.1%.
Average Age of Homes
- The median age of Far Hills real estate is 42 years old
The Rental Market in Far Hills
- Renters make up 17.1% of the Far Hills population
- 0.0% of houses and apartments in Far Hills, 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.