The housing market in 08904 Highland Park, NJ is thriving, with the Median Value of all homes in the area being $441,100, which is significantly higher than the US House Median Value of $338,100. This impressive value also comes with a higher appreciation rate as well, with homes in 08904 Highland Park appreciating at a rate of 13.11%, compared to the US House Appreciation rate of 8.27%. This makes 08904 Highland Park an attractive option for prospective home buyers looking to invest in a robust and rapidly appreciating housing market.
The median home cost in Highland Park (zip 08904) is $441,100. Home appreciation the last 10 years has been 73.3%. Home Appreciation in Highland Park (zip 08904) is up 17.6%.
Average Age of Homes
- The median age of Highland Park (zip 08904) real estate is 62 years old
The Rental Market in Highland Park (zip 08904)
- Renters make up 55.1% of the Highland Park (zip 08904) population
- 2.9% of houses and apartments in Highland Park (zip 08904), 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.