The housing market in Mendham, NJ (07945) is quite robust compared to the median US house value ($ 338,100). The median value for housing in 07945 Mendham, NJ is $ 881,300, which is much higher than the national norm. Additionally, the 1 year house appreciation rate in this area is 6.48%, which is slightly lower than the US appreciation rate of 8.27%. Despite this difference, this area's housing market remains strong and more expensive than most other areas in the country.
The median home cost in Mendham (zip 07945) is $881,300. Home appreciation the last 10 years has been 44.3%. Home Appreciation in Mendham (zip 07945) is up 12.1%.
Average Age of Homes
- The median age of Mendham (zip 07945) real estate is 42 years old
The Rental Market in Mendham (zip 07945)
- Renters make up 9.1% of the Mendham (zip 07945) population
- 1.0% of houses and apartments in Mendham (zip 07945), 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.