Zip 08850 (Milltown, NJ) Housing

Housing in 08850 Milltown, NJ is quite valuable compared to the US median, with a median value of $459,200. This is almost $120,000 more than the national housing median value of $338,100. Furthermore, the 1 year house appreciation rate in Milltown is 10.79%, which is significantly higher than the US 1 year house appreciation rate of 8.27%. This suggests that investing in housing in this area could be an attractive option for buyers in the current market.

The median home cost in Milltown (zip 08850) is $459,200. Home appreciation the last 10 years has been 60.4%. Home Appreciation in Milltown (zip 08850) is up 15.1%.

Average Age of Homes

- The median age of Milltown (zip 08850) real estate is 58 years old

The Rental Market in Milltown (zip 08850)

- Renters make up 17.5% of the Milltown (zip 08850) population
- 0.0% of houses and apartments in Milltown (zip 08850), 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	Milltown, New Jersey	United States
	3,138.0	139,647,020.0
	63	42
	$459,200	$338,100
	15.1%	16.6%
	43.3%	57.0%
	60.4%	101.1%
	$27.96	$10.98
	$9,877	$2,690
	79.8%	57.4%
	3.0%	11.2%
	17.1%	31.4%
Vacant Housing
	0.0%	1.9%
	0.5%	0.4%
	1.1%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	0.3%	2.6%
	0.6%	2.4%
	0.3%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.0%	11.3%
	3.8%	13.0%
	25.2%	20.1%
	37.4%	13.6%
	20.0%	8.3%
	10.9%	9.7%
	1.2%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.5%	13.6%
	2.5%	13.6%
	3.9%	13.6%
	7.3%	13.2%
	10.8%	14.8%
	3.9%	13.6%
	21.5%	10.0%
	4.8%	4.7%
	27.6%	12.2%

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