Farmingdale, NJ is an expensive place to live. According to our records, the median housing value in Farmingdale is $619,300 which is far higher than the US median housing value of $338,100. In addition, the appreciation rate for housing in Farmingdale is 11.40%, whereas the US 1 year appreciation rate is 8.27%. With a high median home value and an above average appreciation rate, it is clear that there are great opportunities to invest in real estate in Farmingdale.
The median home cost in Farmingdale is $619,300. Home appreciation the last 10 years has been 78.1%. Home Appreciation in Farmingdale is up 17.5%.
Average Age of Homes
- The median age of Farmingdale real estate is 50 years old
The Rental Market in Farmingdale
- Renters make up 46.5% of the Farmingdale population
- 2.0% of houses and apartments in Farmingdale, 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.