The housing market in 07009 Cedar Grove, NJ is doing well. According to the data, the median value of homes in this area stands at $574,600 which is significantly higher than the US median of $338,100. In addition, homes in the area have appreciated by 10.07% in the last year compared to 8.27% nationally. This suggests that investing in a home here could be a smart move for potential buyers and renters alike.
The median home cost in Cedar Grove (zip 07009) is $574,600. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Cedar Grove (zip 07009) is up 13.9%.
Average Age of Homes
- The median age of Cedar Grove (zip 07009) real estate is 59 years old
The Rental Market in Cedar Grove (zip 07009)
- Renters make up 20.5% of the Cedar Grove (zip 07009) population
- 0.0% of houses and apartments in Cedar Grove (zip 07009), 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.