Zip 08518 (Florence, NJ) Housing

The housing market in 08518 Florence, NJ is booming with a median home value of $270,900 which dwarfs the US house median value of $338,100. The US 1 year house appreciation was 8.27%, however, homes in this area appreciated 16.62% over the same period making it an incredibly attractive destination for new buyers and investors alike.

The median home cost in Florence (zip 08518) is $270,900. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Florence (zip 08518) is up 18.4%.

Average Age of Homes

- The median age of Florence (zip 08518) real estate is 53 years old

The Rental Market in Florence (zip 08518)

- Renters make up 18.9% of the Florence (zip 08518) population
- 1.8% of houses and apartments in Florence (zip 08518), 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	Florence, New Jersey	United States
	2,373.0	139,647,020.0
	50	42
	$270,900	$338,100
	18.4%	16.6%
	45.9%	57.0%
	62.6%	101.1%
	$25.90	$10.98
	$6,426	$2,690
	58.4%	57.4%
	6.7%	11.2%
	34.9%	31.4%
Vacant Housing
	1.8%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	4.9%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	1.4%	2.4%
	0.0%	2.8%
	2.0%	3.9%
	1.3%	4.5%
	9.8%	11.3%
	15.8%	13.0%
	42.5%	20.1%
	13.0%	13.6%
	7.6%	8.3%
	5.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.6%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.6%	13.6%
	7.6%	13.6%
	5.3%	13.6%
	10.2%	13.2%
	19.3%	14.8%
	5.3%	13.6%
	16.0%	10.0%
	3.8%	4.7%
	21.9%	12.2%

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