The housing market in Jefferson, NJ is quite strong. The median value of houses in the area is $430,400, which is significantly higher than the US median house value of $338,100. Furthermore, the 1 year appreciation rate for houses in Jefferson, NJ is 8.85%, which is slightly higher than the national average of 8.27%. This indicates that houses in this area are appreciating in value faster than average and may be a good opportunity for potential buyers or investors.
The median home cost in Jefferson is $430,400. Home appreciation the last 10 years has been 53.9%. Home Appreciation in Jefferson is up 13.5%.
Average Age of Homes
- The median age of Jefferson real estate is 48 years old
The Rental Market in Jefferson
- Renters make up 7.3% of the Jefferson population
- 0.9% of houses and apartments in Jefferson, 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.