The housing market in Sparta, NJ is strong with a median value of $491,500, which is significantly higher than the US median value of $338,100. In addition to being higher than the national average, the housing appreciation rate in Sparta has also been higher over the last year at 10.13%, compared to 8.27% for the US as a whole. This is indicative of a robust real estate market that should continue to be attractive for both buyers and sellers going forward.
The median home cost in Sparta is $491,500. Home appreciation the last 10 years has been 56.2%. Home Appreciation in Sparta is up 14.2%.
Average Age of Homes
- The median age of Sparta real estate is 41 years old
The Rental Market in Sparta
- Renters make up 9.2% of the Sparta population
- 0.0% of houses and apartments in Sparta, 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.