The housing market in Wyckoff, NJ is quite strong. The median value of a home is $825,100 which is significantly higher than the US median value of $338,100. While US homes have seen an appreciation rate of 8.27% over the past year, Wyckoff, NJ homes have seen a slightly lower rate of appreciation at 7.56%. This indicates that there is strong demand for housing in this area as well as a limited supply. It also suggests that home values are likely to remain high or even potentially increase further in this area due to continued demand and lack of inventory.
The median home cost in Wyckoff is $825,100. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Wyckoff is up 12.7%.
Average Age of Homes
- The median age of Wyckoff real estate is 56 years old
The Rental Market in Wyckoff
- Renters make up 8.3% of the Wyckoff population
- 0.8% of houses and apartments in Wyckoff, 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.