Zip 07081 (Springfield, NJ) Housing

07081 Springfield, NJ is an area with a relatively high median value of housing when compared to the US. The median value of housing in 07081 Springfield, NJ is $523,900, which is significantly higher than the US median value of $338,100. Additionally, the one-year house appreciation in this area was 10.07%, which is even higher than the US one-year house appreciation rate of 8.27%. This indicates that 07081 Springfield, NJ offers a good investment opportunity for potential buyers and homeowners looking to benefit from strong appreciation rates in their home values.

The median home cost in Springfield (zip 07081) is $523,900. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Springfield (zip 07081) is up 13.9%.

Average Age of Homes

- The median age of Springfield (zip 07081) real estate is 57 years old

The Rental Market in Springfield (zip 07081)

- Renters make up 33.6% of the Springfield (zip 07081) population
- 0.7% of houses and apartments in Springfield (zip 07081), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Springfield, New Jersey	United States
	6,763.0	139,647,020.0
	59	42
	$523,900	$338,100
	13.9%	16.6%
	43.7%	57.0%
	66.2%	101.1%
	$30.04	$10.98
	$10,001	$2,690
	63.3%	57.4%
	3.4%	11.2%
	33.3%	31.4%
Vacant Housing
	0.7%	1.9%
	0.0%	0.4%
	0.4%	0.7%
	0.0%	0.4%
	0.5%	3.6%
	1.8%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.4%	2.4%
	0.2%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.4%	11.3%
	0.8%	13.0%
	6.0%	20.1%
	20.5%	13.6%
	33.9%	8.3%
	31.5%	9.7%
	6.0%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.0%	13.6%
	7.0%	13.6%
	8.5%	13.6%
	8.5%	13.2%
	6.1%	14.8%
	8.5%	13.6%
	29.3%	10.0%
	8.9%	4.7%
	9.1%	12.2%

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