Medford Lakes, NJ is a great place to invest in real estate. With a median house value of $409,500, the housing market in Medford Lakes is more expensive than the US median house value of $338,100. Over the past year, the appreciation rate of homes in Medford Lakes has been 15.62%, much higher than the US average of 8.27%. This makes investing in housing in Medford Lakes an attractive prospect for those looking for a solid return on their investments.
The median home cost in Medford Lakes is $409,500. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Medford Lakes is up 18.1%.
Average Age of Homes
- The median age of Medford Lakes real estate is 57 years old
The Rental Market in Medford Lakes
- Renters make up 9.0% of the Medford Lakes population
- 0.0% of houses and apartments in Medford Lakes, 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.