The housing market in Midland Park, NJ (07432) has seen appreciable growth over the past year. The median value of homes in the area is $548,700, which is significantly higher than the US house median value of $338,100. This difference can be largely attributed to the one year house appreciation rate of 7.56%, which is lower than the US average of 8.27%. The relatively low appreciation rate still indicates a healthy and growing housing market in Midland Park for those interested in investing or buying a home.
The median home cost in Midland Park (zip 07432) is $548,700. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Midland Park (zip 07432) is up 12.7%.
Average Age of Homes
- The median age of Midland Park (zip 07432) real estate is 65 years old
The Rental Market in Midland Park (zip 07432)
- Renters make up 31.3% of the Midland Park (zip 07432) population
- 1.3% of houses and apartments in Midland Park (zip 07432), 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.