Housing in 08038 Hancocks Bridge, NJ is significantly more valuable than the median across the United States. The median value of a home in 08038 is $198,900, compared to the US median of $338,100. This difference shows that homes in this area are much more expensive than elsewhere. However, due to the high appreciation rate over the past year in 08038 (15.62%), residents have seen an increase in their property and equity values. This makes it a great time to invest in real estate in this area as prices are likely to continue to rise.
The median home cost in Hancocks Bridge (zip 08038) is $198,900. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Hancocks Bridge (zip 08038) is up 18.1%.
Average Age of Homes
- The median age of Hancocks Bridge (zip 08038) real estate is 78 years old
The Rental Market in Hancocks Bridge (zip 08038)
- Renters make up 23.4% of the Hancocks Bridge (zip 08038) population
- 5.2% of houses and apartments in Hancocks Bridge (zip 08038), 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.