The housing in 07403 Bloomingdale, NJ is quite strong. The median value of homes in the area is $415,300 which is significantly higher than the median value for homes across the United States of $338,100. Additionally, the one year appreciation rate for homes in 07403 Bloomingdale, NJ is 7.56%, slightly lower than the national average of 8.27%. This indicates that while prices are rising they may be doing so at a somewhat slower rate than other parts of the country. In conclusion, 07403 Bloomingdale seems to be a strong market for housing with good appreciation potential.
The median home cost in Bloomingdale (zip 07403) is $415,300. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Bloomingdale (zip 07403) is up 12.7%.
Average Age of Homes
- The median age of Bloomingdale (zip 07403) real estate is 58 years old
The Rental Market in Bloomingdale (zip 07403)
- Renters make up 33.2% of the Bloomingdale (zip 07403) population
- 0.9% of houses and apartments in Bloomingdale (zip 07403), 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.