Monmouth Junction, NJ Housing

The housing market in Monmouth Junction, NJ is thriving with the median value of a home reaching $554,000. This is significantly higher than the US house median value of $338,100 and it has appreciated by 10.79% in the last year. This is higher than the US one year house appreciation rate of 8.27%, indicating that Monmouth Junction’s housing market is healthy and developing at a faster rate than the national average.

The median home cost in Monmouth Junction is $554,000. Home appreciation the last 10 years has been 60.4%. Home Appreciation in Monmouth Junction is up 15.1%.

Average Age of Homes

- The median age of Monmouth Junction real estate is 28 years old

The Rental Market in Monmouth Junction

- Renters make up 7.2% of the Monmouth Junction population
- 0.0% of houses and apartments in Monmouth Junction, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Monmouth Junction, New Jersey	United States
	3,725.0	139,647,020.0
	27	42
	$554,000	$338,100
	15.1%	16.6%
	43.3%	57.0%
	60.4%	101.1%
	$24.36	$10.98
	$10,001	$2,690
	61.5%	57.4%
	3.5%	11.2%
	35.0%	31.4%
Vacant Housing
	0.0%	1.9%
	1.1%	0.4%
	0.0%	0.7%
	1.5%	0.4%
	0.0%	3.6%
	0.9%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	1.7%	3.9%
	0.0%	4.5%
	1.1%	11.3%
	0.5%	13.0%
	6.5%	20.1%
	31.4%	13.6%
	21.1%	8.3%
	21.6%	9.7%
	16.1%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	9.7%	13.6%
	9.7%	13.6%
	48.8%	13.6%
	14.8%	13.2%
	8.8%	14.8%
	48.8%	13.6%
	1.4%	10.0%
	0.5%	4.7%
	2.8%	12.2%