The housing market in Gloucester, NJ is thriving. The median value of a home in the area is currently $283,900, which is lower than the US House Median Value of $338,100. However, this difference has been made up for by a higher rate of house appreciation in Gloucester than the national average: 15.61% in the last year compared to 8.27%. This strong appreciation shows that Gloucester is an attractive area to buy a home and invest in real estate.
The median home cost in Gloucester is $283,900. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Gloucester is up 18.1%.
Average Age of Homes
- The median age of Gloucester real estate is 40 years old
The Rental Market in Gloucester
- Renters make up 24.0% of the Gloucester population
- 0.5% of houses and apartments in Gloucester, 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.