Englewood Cliffs, NJ is a well-off community with an impressive median housing value of $1,276,300. This is more than three times the US house median value of $338,100 and shows just how much potential for investment it has in the real estate market. The US one year house appreciation rate is 8.27%, while in Englewood Cliffs it is 10.32%, meaning that the housing market is growing faster here than in most other cities across the country. It is clear that investors who choose to invest here have a great opportunity to gain substantial returns over time if they play their cards right.
The median home cost in Englewood Cliffs (zip 07632) is $1,276,300. Home appreciation the last 10 years has been 52.1%. Home Appreciation in Englewood Cliffs (zip 07632) is up 9.0%.
Average Age of Homes
- The median age of Englewood Cliffs (zip 07632) real estate is 49 years old
The Rental Market in Englewood Cliffs (zip 07632)
- Renters make up 10.5% of the Englewood Cliffs (zip 07632) population
- 0.0% of houses and apartments in Englewood Cliffs (zip 07632), 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.