Millburn, NJ is known for its high-end housing market with a median value of $1,102,200. This is substantially higher than the US median house value of $338,100. The US saw a 1 year appreciation rate of 8.27%, however Millburn outshined the national average with an appreciation rate of 10.07%. These high values make it clear that Millburn is an attractive real estate market for both buyers and sellers alike.
The median home cost in Millburn is $1,102,200. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Millburn is up 13.9%.
Average Age of Homes
- The median age of Millburn real estate is 66 years old
The Rental Market in Millburn
- Renters make up 19.0% of the Millburn population
- 0.3% of houses and apartments in Millburn, 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.