The housing market in Vernon Center, NJ is quite attractive. The median value of homes in the area is $129,200, which is significantly lower than the US median house value of $338,100. Despite this difference, there has been a steady increase in home prices during the past year with an appreciation rate of 7.56%. This is close to the national average of 8.27% and indicates that homeowners here will enjoy similar returns on their investments moving forward.
The median home cost in Vernon Center is $129,200. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Vernon Center is up 12.7%.
Average Age of Homes
- The median age of Vernon Center real estate is 33 years old
The Rental Market in Vernon Center
- Renters make up 34.4% of the Vernon Center population
- 7.4% of houses and apartments in Vernon Center, 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.