The housing market in Monroe township (Gloucester County), NJ is doing well; the median value of homes currently stands at $296,600, which is lower than the US house median value of $338,100. Furthermore, the one year house appreciation rate for Monroe township has been 15.62%, which is higher than the national average of 8.27%. This shows that real estate values are rising in Monroe township and that housing is a great investment in this area.
The median home cost in Monroe township (Gloucester County) is $296,600. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Monroe township (Gloucester County) is up 18.1%.
Average Age of Homes
- The median age of Monroe township (Gloucester County) real estate is 36 years old
The Rental Market in Monroe township (Gloucester County)
- Renters make up 16.0% of the Monroe township (Gloucester County) population
- 0.3% of houses and apartments in Monroe township (Gloucester County), 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.