Silver Lake (Essex County), NJ is a great place to invest in real estate. The median value of housing in this area is $432,800, which is significantly higher than the US median value of $338,100. Over the last year, house values have appreciated by 8.27% nationally but have increased by an impressive 12.72% in Silver Lake (Essex County). This makes Silver Lake an excellent option for those looking to get into the housing market and take advantage of its high appreciation rate.
The median home cost in Silver Lake (Essex County) is $432,800. Home appreciation the last 10 years has been 68.4%. Home Appreciation in Silver Lake (Essex County) is up 10.3%.
Average Age of Homes
- The median age of Silver Lake (Essex County) real estate is 66 years old
The Rental Market in Silver Lake (Essex County)
- Renters make up 67.2% of the Silver Lake (Essex County) population
- 2.9% of houses and apartments in Silver Lake (Essex County), 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.