Zip 08701 (Lakewood, NJ) Housing

The housing market in 08701 Lakewood, NJ is doing relatively well compared to the rest of the US. The median value of a house in this area is $542,900, which is nearly double the US median value of $338,100. Additionally, while the US saw an appreciation rate of 8.27%, in 08701 Lakewood, NJ homes have seen an increase of 13.53%. This means more money in the pockets of those who own a home here and shows that the housing market in 08701 Lakewood, NJ isn't slowing down anytime soon.

The median home cost in Lakewood (zip 08701) is $542,900. Home appreciation the last 10 years has been 85.4%. Home Appreciation in Lakewood (zip 08701) is up 19.0%.

Average Age of Homes

- The median age of Lakewood (zip 08701) real estate is 30 years old

The Rental Market in Lakewood (zip 08701)

- Renters make up 45.0% of the Lakewood (zip 08701) population
- 1.0% of houses and apartments in Lakewood (zip 08701), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lakewood, New Jersey	United States
	32,922.0	139,647,020.0
	30	42
	$542,900	$338,100
	19.0%	16.6%
	61.7%	57.0%
	85.4%	101.1%
	$21.10	$10.98
	$7,511	$2,690
	47.0%	57.4%
	7.6%	11.2%
	45.4%	31.4%
Vacant Housing
	1.0%	1.9%
	0.2%	0.4%
	1.0%	0.7%
	0.9%	0.4%
	1.3%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	1.5%	2.4%
	2.5%	2.8%
	4.3%	3.9%
	2.9%	4.5%
	8.3%	11.3%
	6.4%	13.0%
	13.5%	20.1%
	18.2%	13.6%
	14.3%	8.3%
	20.2%	9.7%
	5.1%	3.9%
	1.6%	2.2%
	0.4%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	20.7%	13.6%
	20.7%	13.6%
	16.3%	13.6%
	10.3%	13.2%
	14.5%	14.8%
	16.3%	13.6%
	5.7%	10.0%
	1.0%	4.7%
	3.7%	12.2%

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