South Plainfield, NJ has a median housing value that is significantly higher than the national average. At $431,400, it is nearly 30% higher than the US median of $338,100. This difference is further highlighted by the annual rate of appreciation over the past year being 10.07%, which is 1.8% higher than the national average of 8.27%. This indicates that South Plainfield housing values are on an upward trajectory and may continue to rise in value over time.
The median home cost in South Plainfield is $431,400. Home appreciation the last 10 years has been 66.2%. Home Appreciation in South Plainfield is up 13.9%.
Average Age of Homes
- The median age of South Plainfield real estate is 54 years old
The Rental Market in South Plainfield
- Renters make up 17.9% of the South Plainfield population
- 0.7% of houses and apartments in South Plainfield, 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.