The housing market in Springfield township (Burlington County), NJ is thriving. The median value of homes in the area is $404,700, compared to the US house median value of $338,100. Moreover, while the US house appreciation rate for the past year was 8.27%, the house appreciation rate in Springfield Township for the same period was 15.80%. This high rate of appreciation presents a great opportunity for potential buyers and current residents alike looking to invest in real estate in this region.
The median home cost in Springfield is $404,700. Home appreciation the last 10 years has been 68.3%. Home Appreciation in Springfield is up 18.2%.
Average Age of Homes
- The median age of Springfield real estate is 40 years old
The Rental Market in Springfield
- Renters make up 7.3% of the Springfield population
- 0.0% of houses and apartments in Springfield, 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.