The housing market in Pompton Lakes, NJ (07442) is slightly behind the average US house market appreciation rate. The median value of a house in Pompton Lakes is $397,900, which is higher than the US median house value of $338,100. However, the one year appreciation rate for houses in Pompton Lakes is 7.56%, lower than the US rate of 8.27%. Despite this, there has still been an increase in housing prices over the past year for Pompton Lakes residents, indicating a strong and healthy real estate market.
The median home cost in Pompton Lakes (zip 07442) is $397,900. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Pompton Lakes (zip 07442) is up 12.7%.
Average Age of Homes
- The median age of Pompton Lakes (zip 07442) real estate is 57 years old
The Rental Market in Pompton Lakes (zip 07442)
- Renters make up 20.1% of the Pompton Lakes (zip 07442) population
- 0.0% of houses and apartments in Pompton Lakes (zip 07442), 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.