Northfield, NJ is an excellent place for homeowners looking to invest in real estate. The median housing value is $308,700 which is significantly lower than the US house median value of $338,100. Furthermore, the 1 year house appreciation rate in Northfield, NJ is 16.42%, almost double the US 1 year house appreciation rate of 8.27%. This makes Northfield a great place to buy a home or invest in real estate with potential for significant yields over time.
The median home cost in Northfield is $308,700. Home appreciation the last 10 years has been 70.7%. Home Appreciation in Northfield is up 20.3%.
Average Age of Homes
- The median age of Northfield real estate is 54 years old
The Rental Market in Northfield
- Renters make up 9.1% of the Northfield population
- 0.0% of houses and apartments in Northfield, 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.