The housing market in 07834 Denville, NJ is quite strong and has appreciated over the past year. The median value of housing in this area is $508,400, which is significantly higher than the US median value for housing of $338,100. Over the past year, house appreciation in Denville was 10.13%, compared to the US average of 8.27%. This demonstrates that Denville properties have been increasing in value more quickly than the national average. This data indicates that the housing market in 07834 Denville, NJ is a desirable place to invest and own property.
The median home cost in Denville (zip 07834) is $508,400. Home appreciation the last 10 years has been 56.2%. Home Appreciation in Denville (zip 07834) is up 14.2%.
Average Age of Homes
- The median age of Denville (zip 07834) real estate is 53 years old
The Rental Market in Denville (zip 07834)
- Renters make up 12.2% of the Denville (zip 07834) population
- 2.7% of houses and apartments in Denville (zip 07834), 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.