Housing in Lakewood, NJ is a hot market right now. The median value for homes in the area stands at $554,100, which is significantly higher than the US house median value of $338,100. This has been driven by an impressive 13.53% appreciation in the past year - far outpacing the 8.27% national average. With demand for housing so strong and prices continuing to rise, it seems clear that Lakewood is an attractive option for those looking to invest in real estate.
The median home cost in Lakewood township is $554,100. Home appreciation the last 10 years has been 85.4%. Home Appreciation in Lakewood township is up 19.0%.
Average Age of Homes
- The median age of Lakewood township real estate is 30 years old
The Rental Market in Lakewood township
- Renters make up 45.0% of the Lakewood township population
- 1.0% of houses and apartments in Lakewood township, 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.