The housing market in Island Heights, NJ is doing remarkably well compared to the US national average. The median value of a house in Island Heights is $524,900, a full $186,800 more than the US median of $338,100. Furthermore, the 1 year house appreciation rate in Island Heights is an impressive 13.53%, nearly 5% higher than the 8.27% national average. Clearly, real estate in Island Heights is booming and offers an excellent opportunity for potential homebuyers looking to invest.
The median home cost in Island Heights is $524,900. Home appreciation the last 10 years has been 85.4%. Home Appreciation in Island Heights is up 19.0%.
Average Age of Homes
- The median age of Island Heights real estate is 68 years old
The Rental Market in Island Heights
- Renters make up 9.9% of the Island Heights population
- 0.4% of houses and apartments in Island Heights, 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.