Verona, NJ is a desirable area for residential real estate due to its high housing median value of $557,200. This is much higher than the US house median value of $338,100 and reflects the strong demand for housing in Verona. The 1 year house appreciation rate in Verona is even higher than the US average at 10.07%, showing that this trend of home prices increasing year over year is likely to continue in the near future. This makes Verona an attractive option for anyone looking to invest in real estate in New Jersey.
The median home cost in Verona is $557,200. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Verona is up 13.9%.
Average Age of Homes
- The median age of Verona real estate is 62 years old
The Rental Market in Verona
- Renters make up 21.4% of the Verona population
- 0.7% of houses and apartments in Verona, 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.