The median value of housing in South River, NJ is $421,000 which is considerably higher than the US house median value of $338,100. Homeowners in South River have also experienced a greater 1 year appreciation rate of 10.79% compared to the US average of 8.27%. This indicates that housing prices in South River are more resilient to market fluctuations than other parts of the country and reveals an overall trend of increasing property values in South River. It is an excellent time to invest in property in the area as prices are projected to continue to rise.
The median home cost in South River is $421,000. Home appreciation the last 10 years has been 60.4%. Home Appreciation in South River is up 15.1%.
Average Age of Homes
- The median age of South River real estate is 62 years old
The Rental Market in South River
- Renters make up 29.0% of the South River population
- 0.5% of houses and apartments in South River, 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.