The housing market in West Freehold, NJ is quite prosperous. The median value of homes in the area is $490,300, which is significantly higher than the US House Median Value of $338,100. In addition, over the past year the US House Appreciation was recorded at 8.27%, while house appreciation in West Freehold was even greater with a rate of 11.40%. This shows that housing in West Freehold is not only more expensive than most other areas of the country but also that buying a house here could be a great investment. With both prices and appreciation on the rise, this appears to be an ideal market for home buyers looking for a prosperous area to purchase or rent in.
The median home cost in West Freehold is $490,300. Home appreciation the last 10 years has been 78.1%. Home Appreciation in West Freehold is up 17.5%.
Average Age of Homes
- The median age of West Freehold real estate is 39 years old
The Rental Market in West Freehold
- Renters make up 10.7% of the West Freehold population
- 1.0% of houses and apartments in West Freehold, 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.