The housing market in Newfield, NJ is thriving, with a median value of $246,400 that is significantly lower than the US median of $338,100. The appreciation rate for homes in Newfield, NJ has also been greater than the national average for the past year at 10.41%, compared to 8.27%. This is great news for potential homeowners and investors looking to purchase property in this area.
The median home cost in Newfield is $246,400. Home appreciation the last 10 years has been 58.8%. Home Appreciation in Newfield is up 17.5%.
Average Age of Homes
- The median age of Newfield real estate is 53 years old
The Rental Market in Newfield
- Renters make up 19.3% of the Newfield population
- 1.2% of houses and apartments in Newfield, 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.