Zip 07407 (Elmwood Park, NJ) Housing

The housing market in 07407 Elmwood Park, NJ has been on the rise, with the median value of a house at $459,600, which is significantly higher than the median house value in the US of $338,100. The 1 year appreciation for houses in Elmwood Park is 7.56%, slightly lower than the national rate of 8.27%. This indicates that although housing prices are still on the rise in Elmwood Park, they may not be rising as quickly as homes across the rest of the country.

The median home cost in Elmwood Park (zip 07407) is $459,600. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Elmwood Park (zip 07407) is up 12.7%.

Average Age of Homes

- The median age of Elmwood Park (zip 07407) real estate is 60 years old

The Rental Market in Elmwood Park (zip 07407)

- Renters make up 40.6% of the Elmwood Park (zip 07407) population
- 2.1% of houses and apartments in Elmwood Park (zip 07407), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Elmwood Park, New Jersey	United States
	7,471.0	139,647,020.0
	64	42
	$459,600	$338,100
	12.7%	16.6%
	39.2%	57.0%
	51.6%	101.1%
	$25.10	$10.98
	$9,457	$2,690
	51.9%	57.4%
	4.7%	11.2%
	43.4%	31.4%
Vacant Housing
	2.1%	1.9%
	0.0%	0.4%
	1.0%	0.7%
	0.8%	0.4%
	0.0%	3.6%
	0.8%	4.1%
Value of Owner-Occupied Housing
	3.4%	2.6%
	0.8%	2.4%
	0.3%	2.8%
	0.4%	3.9%
	0.1%	4.5%
	1.8%	11.3%
	1.3%	13.0%
	11.5%	20.1%
	39.6%	13.6%
	22.8%	8.3%
	17.2%	9.7%
	0.8%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.1%	13.6%
	3.1%	13.6%
	4.1%	13.6%
	5.5%	13.2%
	7.6%	14.8%
	4.1%	13.6%
	29.4%	10.0%
	18.8%	4.7%
	11.2%	12.2%

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