Richwood, NJ is an affluent area in New Jersey with a median housing value of $506,400. This is significantly higher than the US house median value of $338,100. The US 1 year House Appreciation rate is 8.27%, however, in Richwood the rate is even higher at 15.62%. This data indicates that housing values in Richwood are steadily increasing and could be a great investment for anyone looking to buy property in this area.
The median home cost in Richwood is $506,400. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Richwood is up 18.1%.
Average Age of Homes
- The median age of Richwood real estate is 23 years old
The Rental Market in Richwood
- Renters make up 8.7% of the Richwood population
- 0.0% of houses and apartments in Richwood, 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.