The housing market in 08518 Florence, NJ is booming with a median home value of $270,900 which dwarfs the US house median value of $338,100. The US 1 year house appreciation was 8.27%, however, homes in this area appreciated 16.62% over the same period making it an incredibly attractive destination for new buyers and investors alike.
The median home cost in Florence (zip 08518) is $270,900. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Florence (zip 08518) is up 18.4%.
Average Age of Homes
- The median age of Florence (zip 08518) real estate is 53 years old
The Rental Market in Florence (zip 08518)
- Renters make up 18.9% of the Florence (zip 08518) population
- 1.8% of houses and apartments in Florence (zip 08518), 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.