Zip 07438 (Oak Ridge, NJ) Housing

The housing market in 07438 Oak Ridge, NJ is currently valued at a median of $425,000. This is significantly higher than the national median of $338,100; however, the one year house appreciation rate is lower than the US average at 7.56%. Despite this difference in rate of appreciation, it's clear that this area has a strong real estate market overall that continues to appreciate over time.

The median home cost in Oak Ridge (zip 07438) is $425,000. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Oak Ridge (zip 07438) is up 12.7%.

Average Age of Homes

- The median age of Oak Ridge (zip 07438) real estate is 39 years old

The Rental Market in Oak Ridge (zip 07438)

- Renters make up 7.3% of the Oak Ridge (zip 07438) population
- 0.6% of houses and apartments in Oak Ridge (zip 07438), 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	Oak Ridge, New Jersey	United States
	4,834.0	139,647,020.0
	41	42
	$425,000	$338,100
	12.7%	16.6%
	39.2%	57.0%
	51.6%	101.1%
	$27.36	$10.98
	$9,881	$2,690
	82.9%	57.4%
	7.3%	11.2%
	9.8%	31.4%
Vacant Housing
	0.6%	1.9%
	0.0%	0.4%
	0.9%	0.7%
	0.7%	0.4%
	4.1%	3.6%
	1.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	1.6%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.4%	11.3%
	4.1%	13.0%
	17.8%	20.1%
	42.6%	13.6%
	15.5%	8.3%
	16.8%	9.7%
	1.1%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.7%	13.6%
	9.7%	13.6%
	19.1%	13.6%
	18.8%	13.2%
	9.3%	14.8%
	19.1%	13.6%
	13.2%	10.0%
	3.7%	4.7%
	5.5%	12.2%

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