The housing market in Medford, NJ is thriving. According to the data, the median value of a home in Medford is $497,100, which is significantly higher than the US house median value of $338,100. Furthermore, over the past year local homes have appreciated by 15.62%, which is more than double the national one year appreciation rate of 8.27%. This data suggests that there is high demand for housing in Medford and that now may be a great time to invest in real estate in this area.
The median home cost in Medford is $497,100. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Medford is up 18.1%.
Average Age of Homes
- The median age of Medford real estate is 38 years old
The Rental Market in Medford
- Renters make up 14.5% of the Medford population
- 0.9% of houses and apartments in Medford, 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.