The housing market in 07970 Mount Freedom, NJ is doing well compared to the US median. The median value of a home in 07970 is $574,200, which is significantly higher than the national house median value of $338,100. This indicates that homes in this area are more expensive than the average home across the country. In addition, over the last year, homes have appreciated 6.48%, much lower than the US appreciation rate of 8.27%. Despite this moderated rate of appreciation, this still indicates a healthy growing market and suggests that investing in a property here could be a wise decision for those looking to enter into real estate.
The median home cost in Mount Freedom (zip 07970) is $574,200. Home appreciation the last 10 years has been 44.3%. Home Appreciation in Mount Freedom (zip 07970) is up 12.1%.
Average Age of Homes
- The median age of Mount Freedom (zip 07970) real estate is 52 years old
The Rental Market in Mount Freedom (zip 07970)
- Renters make up 0.0% of the Mount Freedom (zip 07970) population
- 0.0% of houses and apartments in Mount Freedom (zip 07970), 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.