Housing in 07023 Fanwood, NJ is quite expensive compared to the overall US median. According to recent statistics, the median value of a house in 07023 Fanwood is $569,200 compared to the US median of $338,100. In addition, over the past year house appreciation in 07023 Fanwood has been 10.07%, which is higher than the US median of 8.27%. This suggests that investing in housing in 07023 Fanwood is likely to yield strong returns and could be an attractive option for potential homebuyers.
The median home cost in Fanwood (zip 07023) is $569,200. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Fanwood (zip 07023) is up 13.9%.
Average Age of Homes
- The median age of Fanwood (zip 07023) real estate is 62 years old
The Rental Market in Fanwood (zip 07023)
- Renters make up 4.9% of the Fanwood (zip 07023) population
- 0.0% of houses and apartments in Fanwood (zip 07023), 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.