The housing situation in Madison Park, NJ is quite impressive. The median value of a home in Madison Park, NJ is $347,300, which is significantly higher than the US House Median Value of $338,100. Additionally, the one year House Appreciation rate for Madison Park is 10.79% compared to 8.27% for the US as a whole. This indicates that Madison Park is a desirable and attractive place to live with strong appreciation potential for homeowners looking to invest in real estate.
The median home cost in Madison Park is $347,300. Home appreciation the last 10 years has been 60.4%. Home Appreciation in Madison Park is up 15.1%.
Average Age of Homes
- The median age of Madison Park real estate is 57 years old
The Rental Market in Madison Park
- Renters make up 63.6% of the Madison Park population
- 0.9% of houses and apartments in Madison Park, 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.