Housing in Hoboken, NJ is much pricier than the median house value of the United States. The median housing value in Hoboken is $770,400 compared to the US median value of only $338,100. Despite this difference, both the US and Hoboken have experienced great appreciation over the last year with a 8.27% appreciation rate for the US and an even higher 10.07% appreciation rate for Hoboken. This high rate of appreciation suggests that now may be a good time to invest in housing in Hoboken as prices are likely to continue increasing in value over time.
The median home cost in Hoboken is $770,400. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Hoboken is up 13.9%.
Average Age of Homes
- The median age of Hoboken real estate is 52 years old
The Rental Market in Hoboken
- Renters make up 63.7% of the Hoboken population
- 3.6% of houses and apartments in Hoboken, 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.