The housing market in Frelinghuysen, NJ is strong compared to the national average. The median house value in Frelinghuysen is significantly higher than the US median house value at $495,300 compared to $338,100. This difference reflects the increased demand for homes in the area. Additionally, the 1 year house appreciation rate in Frelinghuysen of 10.13% is higher than that of the US as a whole which stands at 8.27%. This data shows that not only has housing been appreciating quickly in Frelinghuysen but also that it has been increasing at a higher rate than nationally.
The median home cost in Frelinghuysen is $495,300. Home appreciation the last 10 years has been 56.2%. Home Appreciation in Frelinghuysen is up 14.2%.
Average Age of Homes
- The median age of Frelinghuysen real estate is 38 years old
The Rental Market in Frelinghuysen
- Renters make up 11.8% of the Frelinghuysen population
- 0.0% of houses and apartments in Frelinghuysen, 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.