Westwood, NJ is known for its high housing median value of $539,100. This is significantly higher than the US House Median Value of $338,100. In addition to having a high median value, the 1 year house appreciation rate in Westwood, NJ is 10.32%, which is higher than the US average of 8.27%. This indicates that people are investing in Westwood and the housing market there is currently trending upwards.
The median home cost in Westwood is $539,100. Home appreciation the last 10 years has been 52.1%. Home Appreciation in Westwood is up 9.0%.
Average Age of Homes
- The median age of Westwood real estate is 60 years old
The Rental Market in Westwood
- Renters make up 33.2% of the Westwood population
- 1.3% of houses and apartments in Westwood, 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.