The housing market in Long Hill, NJ is quite robust compared to the national median value, with the median value in Long Hill being $718,900 while the US median value is only $338,100. House appreciation over the last year has been 8.27% nationally and 6.48% in Long Hill, NJ. This indicates that the housing market remains strong despite fluctuations in the overall economy. With such a large difference between local and national values, there is an opportunity for buyers to invest in real estate or purchase their own home for a reasonable price.
The median home cost in Long Hill is $718,900. Home appreciation the last 10 years has been 44.3%. Home Appreciation in Long Hill is up 12.1%.
Average Age of Homes
- The median age of Long Hill real estate is 50 years old
The Rental Market in Long Hill
- Renters make up 12.8% of the Long Hill population
- 1.0% of houses and apartments in Long Hill, 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.