Dorchester, NJ (08316) has a median housing value of $196,100, which is significantly lower than the US median house value of $338,100. However, Dorchester experienced a higher-than-average 1 year house appreciation at 10.41%, compared to the national average 8.27%. This indicates that Dorchester is an attractive place to buy property as the rate of return on investment could be relatively high compared to other areas in the US.
The median home cost in Dorchester (zip 08316) is $196,100. Home appreciation the last 10 years has been 58.8%. Home Appreciation in Dorchester (zip 08316) is up 17.5%.
Average Age of Homes
- The median age of Dorchester (zip 08316) real estate is 41 years old
The Rental Market in Dorchester (zip 08316)
- Renters make up 17.8% of the Dorchester (zip 08316) population
- 0.0% of houses and apartments in Dorchester (zip 08316), 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.