Palermo, NJ Housing

The housing market in Palermo, NJ is booming! According to recent statistics, the median value of a house in Palermo is $391,500, which is significantly higher than the US median value of $338,100. Furthermore, the one year appreciation rate for houses in Palermo is 20.30%, compared to the US average of 8.27%. This reveals that Palermo is a desirable place to live and invest in real estate. With housing prices on the rise and competitive rates of appreciation available, Palermo is becoming an increasingly attractive option for people looking for new homes or investments.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Palermo, New Jersey	United States
	1,263.0	139,647,020.0
	36	42
	$391,500	$338,100
	20.3%	16.6%
	70.1%	57.0%
	70.7%	101.1%
	$17.57	$10.98
	$5,960	$2,690
	89.2%	57.4%
	7.5%	11.2%
	3.2%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	2.1%	0.4%
	5.4%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	3.0%	2.4%
	1.8%	2.8%
	4.0%	3.9%
	2.5%	4.5%
	1.3%	11.3%
	0.9%	13.0%
	21.1%	20.1%
	39.2%	13.6%
	18.9%	8.3%
	6.4%	9.7%
	0.0%	3.9%
	0.9%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	19.4%	13.6%
	19.4%	13.6%
	15.8%	13.6%
	26.4%	13.2%
	21.9%	14.8%
	15.8%	13.6%
	0.8%	10.0%
	1.2%	4.7%
	3.3%	12.2%