The housing market in 08061 Mount Royal, NJ is thriving. According to the data, the median value of housing in 08061 Mount Royal, NJ is $375,100, which is significantly higher than the US House Median Value of $338,100. Moreover, over the past year house appreciation has been much stronger in 08061 Mount Royal, NJ with a 15.62% increase compared to an 8.27% increase across the US. This suggests that now is a great time to invest in real estate in 08061 Mount Royal, NJ as prices are likely to continue rising steadily due to their current trend of strong house appreciation rates.
The median home cost in Mount Royal (zip 08061) is $375,100. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Mount Royal (zip 08061) is up 18.1%.
Average Age of Homes
- The median age of Mount Royal (zip 08061) real estate is 13 years old
The Rental Market in Mount Royal (zip 08061)
- Renters make up 14.1% of the Mount Royal (zip 08061) population
- 0.1% of houses and apartments in Mount Royal (zip 08061), 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.