New Brunswick, NJ is a popular area for housing with a median value of $349,500. This is slightly higher than the US median housing value of $338,100. The US has seen an appreciation in the last year of 8.27%, while the housing market in New Brunswick has experienced an even greater increase of 13.11%. With these figures indicating that the area is experiencing strong growth and increasing demand in real estate, it is no wonder why many people are turning to New Brunswick as their destination for buying and investing in property.
The median home cost in New Brunswick is $349,500. Home appreciation the last 10 years has been 73.3%. Home Appreciation in New Brunswick is up 17.6%.
Average Age of Homes
- The median age of New Brunswick real estate is 54 years old
The Rental Market in New Brunswick
- Renters make up 73.2% of the New Brunswick population
- 3.8% of houses and apartments in New Brunswick, 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.