The housing market in 07004 Fairfield, NJ is quite dynamic. With the median value of a house in this area being $611,800 and the US median value standing at $338,100, it is clear that 07004 Fairfield offers some of the most desirable real estate markets in the country. Furthermore, it appears to be even more attractive based on the one year house appreciation which stands at 10.07%, substantially higher than the national average of 8.27%. As such, those interested in investing or buying a home in Fairfield would do well to take advantage of this opportunity as soon as possible before prices rise further.
The median home cost in Fairfield (zip 07004) is $611,800. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Fairfield (zip 07004) is up 13.9%.
Average Age of Homes
- The median age of Fairfield (zip 07004) real estate is 52 years old
The Rental Market in Fairfield (zip 07004)
- Renters make up 11.5% of the Fairfield (zip 07004) population
- 0.0% of houses and apartments in Fairfield (zip 07004), 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.