The housing market in 07927 Cedar Knolls, New Jersey is quite robust. The median value of homes here is $580,400, which is significantly higher than the US median value of $338,100. Furthermore, the appreciation rate for homes in Cedar Knolls over the past year has been 6.48%, compared to the 8.27% overall house appreciation rate nationally. This indicates that home values in this area have been increasing at a faster pace than other locations across the country. With strong home values and high appreciation rates, Cedar Knolls provides a great opportunity for those seeking to invest in real estate or become homeowners in New Jersey.
The median home cost in Cedar Knolls (zip 07927) is $580,400. Home appreciation the last 10 years has been 44.3%. Home Appreciation in Cedar Knolls (zip 07927) is up 12.1%.
Average Age of Homes
- The median age of Cedar Knolls (zip 07927) real estate is 36 years old
The Rental Market in Cedar Knolls (zip 07927)
- Renters make up 24.9% of the Cedar Knolls (zip 07927) population
- 1.8% of houses and apartments in Cedar Knolls (zip 07927), 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.