Zip 07005 (Boonton, NJ) Housing

The housing market in Boonton, NJ (07005) is currently thriving. The median value of homes in this area is approximately $539,700, which is significantly higher than the US house median value of $338,100. This area has seen an impressive 10.07% increase in house values over the past year, which is substantially higher than the 8.27% appreciation rate recorded nationally during that same period. With such promising numbers and a seemingly secure housing market, it's no surprise that many people are eager to invest in Boonton's real estate.

The median home cost in Boonton (zip 07005) is $539,700. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Boonton (zip 07005) is up 13.9%.

Average Age of Homes

- The median age of Boonton (zip 07005) real estate is 61 years old

The Rental Market in Boonton (zip 07005)

- Renters make up 23.2% of the Boonton (zip 07005) population
- 1.4% of houses and apartments in Boonton (zip 07005), 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	Boonton, New Jersey	United States
	5,879.0	139,647,020.0
	60	42
	$539,700	$338,100
	13.9%	16.6%
	43.7%	57.0%
	66.2%	101.1%
	$22.02	$10.98
	$10,001	$2,690
	66.3%	57.4%
	4.6%	11.2%
	29.0%	31.4%
Vacant Housing
	1.4%	1.9%
	0.6%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	0.8%	3.6%
	1.2%	4.1%
Value of Owner-Occupied Housing
	0.3%	2.6%
	0.3%	2.4%
	0.2%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.0%	11.3%
	0.3%	13.0%
	3.9%	20.1%
	22.4%	13.6%
	27.9%	8.3%
	30.8%	9.7%
	9.5%	3.9%
	3.1%	2.2%
	0.9%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.9%	13.6%
	3.9%	13.6%
	7.8%	13.6%
	9.4%	13.2%
	10.2%	14.8%
	7.8%	13.6%
	19.1%	10.0%
	6.5%	4.7%
	23.2%	12.2%

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