Salem, NJ County has seen a steady increase in median housing value over the past year, with the median value now sitting at $236,500. This is significantly lower than the US house median value of $338,100, however it still saw an appreciation rate of 10.32%, higher than the US average of 8.27%. This shows that Salem, NJ County is a great location for potential homebuyers to purchase a property and reap the benefits of increased value over time.
The median home cost in Salem County is $236,500. Home appreciation the last 10 years has been 66.7%. Home Appreciation in Salem County is up 17.9%.
Average Age of Homes
- The median age of Salem County real estate is 53 years old
The Rental Market in Salem County
- Renters make up 26.1% of the Salem County population
- 1.8% of houses and apartments in Salem County, 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.