Rochelle Park, NJ is an attractive area for housing due to its median value of $471,100, which is significantly higher than the US median value of $338,100. Furthermore, in the past year the house appreciation rate has been 10.32%, which is higher than the US 1 year average of 8.27%. This suggests that if you are looking to invest in property, Rochelle Park should be a serious contender as it offers good value and potential for growth.
The median home cost in Rochelle Park (zip 07662) is $471,100. Home appreciation the last 10 years has been 52.1%. Home Appreciation in Rochelle Park (zip 07662) is up 9.0%.
Average Age of Homes
- The median age of Rochelle Park (zip 07662) real estate is 63 years old
The Rental Market in Rochelle Park (zip 07662)
- Renters make up 26.9% of the Rochelle Park (zip 07662) population
- 1.2% of houses and apartments in Rochelle Park (zip 07662), 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.