The housing market in Lumberton, NJ (Zip Code 08048) is currently thriving. The median value of a house in this area is $390,700, which is significantly higher than the US national median house value of $338,100. In addition to this disparity in absolute terms, the appreciation rate for housing in Lumberton over the last year was 15.62%, compared to 8.27% nationally. This indicates that Lumberton's real estate has been performing exceptionally well and offers an attractive investment opportunity for those looking to enter the local housing market.
The median home cost in Lumberton (zip 08048) is $390,700. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Lumberton (zip 08048) is up 18.1%.
Average Age of Homes
- The median age of Lumberton (zip 08048) real estate is 27 years old
The Rental Market in Lumberton (zip 08048)
- Renters make up 27.6% of the Lumberton (zip 08048) population
- 0.8% of houses and apartments in Lumberton (zip 08048), 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.