The housing market in 07603 Bogota, NJ is currently highly sought after due to its median value being $474,400, which is significantly higher than that of the US median value of $338,100. Additionally, the 1 year house appreciation in Bogota is 10.32%, which is greater than the national average of 8.27%. This indicates a healthy and vibrant housing market in Bogota that is likely to continue to appreciate as time goes on.
The median home cost in Bogota (zip 07603) is $474,400. Home appreciation the last 10 years has been 52.1%. Home Appreciation in Bogota (zip 07603) is up 9.0%.
Average Age of Homes
- The median age of Bogota (zip 07603) real estate is 78 years old
The Rental Market in Bogota (zip 07603)
- Renters make up 31.5% of the Bogota (zip 07603) population
- 1.2% of houses and apartments in Bogota (zip 07603), 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.