Zip 07976 (New Vernon, NJ) Housing

The housing market in 07976 New Vernon, NJ is quite expensive when compared to the US average. The median value of a home in this area is $2,054,500, which is more than six times the US median house value of $338,100. While the US house appreciation rate was 8.27%, the appreciation rate in New Vernon was 6.48%. This means that while property values are still rising in this area, they are not increasing as quickly as other parts of the country.

The median home cost in New Vernon (zip 07976) is $2,054,500. Home appreciation the last 10 years has been 44.3%. Home Appreciation in New Vernon (zip 07976) is up 12.1%.

Average Age of Homes

- The median age of New Vernon (zip 07976) real estate is 72 years old

The Rental Market in New Vernon (zip 07976)

- Renters make up 0.0% of the New Vernon (zip 07976) population
- 0.0% of houses and apartments in New Vernon (zip 07976), 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	New Vernon, New Jersey	United States
	129.0	139,647,020.0
	74	42
	$2,054,500	$338,100
	12.1%	16.6%
	29.3%	57.0%
	44.3%	101.1%
	$22.02	$10.98
	$10,001	$2,690
	48.1%	57.4%
	0.0%	11.2%
	51.9%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.0%	11.3%
	0.0%	13.0%
	0.0%	20.1%
	12.9%	13.6%
	0.0%	8.3%
	11.3%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	11.3%	0.8%
	64.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	0.0%	13.6%
	0.0%	13.6%
	0.0%	13.6%
	16.3%	13.2%
	0.0%	14.8%
	0.0%	13.6%
	10.1%	10.0%
	58.9%	4.7%
	10.1%	12.2%

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