The housing market in 07974 New Providence, NJ is an expensive one with the median value of houses being $757,500. This is significantly higher than the US median house value of $338,100. Although the past year saw a 8.27% appreciation in house values across the country, 07974 New Providence, NJ only experienced a 6.48% increase in house values. Despite this lower growth rate, the future outlook for 07974 New Providence, NJ is still promising as homes continue to be highly sought after in this affluent area.
The median home cost in New Providence (zip 07974) is $757,500. Home appreciation the last 10 years has been 44.3%. Home Appreciation in New Providence (zip 07974) is up 12.1%.
Average Age of Homes
- The median age of New Providence (zip 07974) real estate is 58 years old
The Rental Market in New Providence (zip 07974)
- Renters make up 16.4% of the New Providence (zip 07974) population
- 0.0% of houses and apartments in New Providence (zip 07974), 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.