The housing market in 08027 Gibbstown, NJ is doing great. The median value of a home in this area is $242,300, which is significantly lower than the US house median value of $338,100. This means that those looking to buy in this area can expect to get more bang for their buck. Furthermore, the one year house appreciation rate in 08027 Gibbstown, NJ is 15.62%, which is substantially higher than the 8.27% one year house appreciation for the United States as a whole. This shows that the housing market in this area has been steadily increasing and it could be a great time to invest in property here.
The median home cost in Gibbstown (zip 08027) is $242,300. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Gibbstown (zip 08027) is up 18.1%.
Average Age of Homes
- The median age of Gibbstown (zip 08027) real estate is 57 years old
The Rental Market in Gibbstown (zip 08027)
- Renters make up 13.2% of the Gibbstown (zip 08027) population
- 1.2% of houses and apartments in Gibbstown (zip 08027), 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.