Zip 07016 (Cranford, NJ) Housing

The housing market in 07016 Cranford, NJ is thriving. The median value of homes in this area is $582,000, which is much higher than the US house median value of $338,100. The 1 year appreciation of houses in Cranford was 10.07%, which is higher than the national 1 year house appreciation rate of 8.27%. This data suggests that Cranford has a strong and stable housing market, making it an attractive place to live for prospective homeowners.

The median home cost in Cranford (zip 07016) is $582,000. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Cranford (zip 07016) is up 13.9%.

Average Age of Homes

- The median age of Cranford (zip 07016) real estate is 65 years old

The Rental Market in Cranford (zip 07016)

- Renters make up 18.8% of the Cranford (zip 07016) population
- 1.4% of houses and apartments in Cranford (zip 07016), 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	Cranford, New Jersey	United States
	9,265.0	139,647,020.0
	70	42
	$582,000	$338,100
	13.9%	16.6%
	43.7%	57.0%
	66.2%	101.1%
	$30.04	$10.98
	$10,001	$2,690
	77.3%	57.4%
	2.5%	11.2%
	20.2%	31.4%
Vacant Housing
	1.4%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	0.2%	0.4%
	0.0%	3.6%
	0.2%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	0.1%	2.4%
	0.5%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.1%	11.3%
	0.9%	13.0%
	4.0%	20.1%
	10.1%	13.6%
	26.6%	8.3%
	46.4%	9.7%
	9.1%	3.9%
	1.2%	2.2%
	0.2%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	1.7%	13.6%
	1.7%	13.6%
	2.4%	13.6%
	4.0%	13.2%
	4.3%	14.8%
	2.4%	13.6%
	25.9%	10.0%
	15.7%	4.7%
	31.1%	12.2%

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