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.