Zip 07009 (Cedar Grove, NJ) Housing

The housing market in 07009 Cedar Grove, NJ is doing well. According to the data, the median value of homes in this area stands at $574,600 which is significantly higher than the US median of $338,100. In addition, homes in the area have appreciated by 10.07% in the last year compared to 8.27% nationally. This suggests that investing in a home here could be a smart move for potential buyers and renters alike.

The median home cost in Cedar Grove (zip 07009) is $574,600. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Cedar Grove (zip 07009) is up 13.9%.

Average Age of Homes

- The median age of Cedar Grove (zip 07009) real estate is 59 years old

The Rental Market in Cedar Grove (zip 07009)

- Renters make up 20.5% of the Cedar Grove (zip 07009) population
- 0.0% of houses and apartments in Cedar Grove (zip 07009), 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	Cedar Grove, New Jersey	United States
	4,872.0	139,647,020.0
	64	42
	$574,600	$338,100
	13.9%	16.6%
	43.7%	57.0%
	66.2%	101.1%
	$29.15	$10.98
	$10,001	$2,690
	80.2%	57.4%
	1.7%	11.2%
	18.1%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.3%	3.6%
	0.4%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.3%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.7%	11.3%
	0.5%	13.0%
	2.2%	20.1%
	15.3%	13.6%
	28.9%	8.3%
	36.6%	9.7%
	8.0%	3.9%
	7.2%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.6%	0.2%
	4.6%	13.6%
	4.6%	13.6%
	3.9%	13.6%
	11.0%	13.2%
	5.2%	14.8%
	3.9%	13.6%
	36.9%	10.0%
	11.0%	4.7%
	12.7%	12.2%

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