The housing market in Woodland Park, NJ (07424) is doing well. The median value of a house in the area is $486,600, which is significantly higher than the US median of $338,100. This indicates that property values are increasing rapidly. In addition, the one-year appreciation rate for housing in this area is 7.56%, slightly lower than the US average of 8.27%. Overall, this indicates that Woodland Park is an attractive place to purchase real estate due to its rising house values and competitive appreciation rate.
The median home cost in Woodland Park (zip 07424) is $486,600. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Woodland Park (zip 07424) is up 12.7%.
Average Age of Homes
- The median age of Woodland Park (zip 07424) real estate is 57 years old
The Rental Market in Woodland Park (zip 07424)
- Renters make up 34.4% of the Woodland Park (zip 07424) population
- 1.8% of houses and apartments in Woodland Park (zip 07424), 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.