Essex Fells, NJ (07021) is a desirable area with a median housing value of $1,095,500. This is more than three times the US median housing value of $338,100, indicating that it is a very affluent area. Furthermore, the 1 year house appreciation rate in Essex Fells has been 10.07%, which is higher than the national average of 8.27%. These factors make Essex Fells an attractive destination for those looking for high-end homes and an excellent long-term investment opportunity.
The median home cost in Essex Fells (zip 07021) is $1,095,500. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Essex Fells (zip 07021) is up 13.9%.
Average Age of Homes
- The median age of Essex Fells (zip 07021) real estate is 71 years old
The Rental Market in Essex Fells (zip 07021)
- Renters make up 5.6% of the Essex Fells (zip 07021) population
- 0.0% of houses and apartments in Essex Fells (zip 07021), 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.