Housing in Howell, NJ is considerably more expensive than the national average. The median value of a home in Howell is $512,500 compared to the US median of $338,100. In addition to being more expensive, homes in Howell have also appreciated faster than the national average over the past year. The US house appreciation rate was 8.27%, while Howell saw an appreciation rate of 11.40%. This higher appreciation rate suggests that investing in real estate in Howell could be a sound decision for potential buyers looking for a good return on their investment.
The median home cost in Howell is $512,500. Home appreciation the last 10 years has been 78.1%. Home Appreciation in Howell is up 17.5%.
Average Age of Homes
- The median age of Howell real estate is 33 years old
The Rental Market in Howell
- Renters make up 9.7% of the Howell population
- 0.4% of houses and apartments in Howell, 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.