The housing market in 07922 Berkeley Heights, NJ is booming, with a median value of $711,500. This is more than twice the US housing median value of $338,100 and shows the strong demand for housing in this area. The 1 year house appreciation rate for the US is 8.27%, while it's slightly lower in 07922 Berkeley Heights, at 6.48%. This indicates that while the value of homes in this city has increased over the last year, it hasn't quite kept pace with other parts of the country.
The median home cost in Berkeley Heights (zip 07922) is $711,500. Home appreciation the last 10 years has been 44.3%. Home Appreciation in Berkeley Heights (zip 07922) is up 12.1%.
Average Age of Homes
- The median age of Berkeley Heights (zip 07922) real estate is 54 years old
The Rental Market in Berkeley Heights (zip 07922)
- Renters make up 7.9% of the Berkeley Heights (zip 07922) population
- 0.0% of houses and apartments in Berkeley Heights (zip 07922), 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.