The housing market in Pomona, NJ is thriving. The median housing value in Pomona is $216,100, which is significantly lower than the US national median of $338,100. Despite the low housing value in comparison to the national average, the 1 year house appreciation rate in Pomona has been 16.42%, much higher than the national average of 8.27%. This indicates that home values are rising significantly faster in Pomona than they are nationally and that this trend is likely to continue over the coming years.
The median home cost in Pomona is $216,100. Home appreciation the last 10 years has been 70.7%. Home Appreciation in Pomona is up 20.3%.
Average Age of Homes
- The median age of Pomona real estate is 25 years old
The Rental Market in Pomona
- Renters make up 17.6% of the Pomona population
- 0.0% of houses and apartments in Pomona, 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.