New Providence, NJ has a median value for housing that is significantly higher than the national median. The median value in New Providence is currently $703,100 while the US median value is only $338,100. Although the US has seen an 8.27% appreciation rate in housing over the past year, New Providence only saw a 6.48% appreciation rate during this time period. Despite the slightly lower growth rate, it is clear that New Providence remains an attractive option for housing and continues to experience strong demand given its high median value.
The median home cost in New Providence is $703,100. Home appreciation the last 10 years has been 44.3%. Home Appreciation in New Providence is up 12.1%.
Average Age of Homes
- The median age of New Providence real estate is 59 years old
The Rental Market in New Providence
- Renters make up 20.9% of the New Providence population
- 0.0% of houses and apartments in New Providence, 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.