The housing in Richland, NJ (08350) is very desirable. The median value of homes in Richland is $274,100, which is considerably lower than the U.S. house median value of $338,100. In addition to its relative affordability, Richland also enjoys a good appreciation rate of 10.41%, almost 2 percentage points higher than the national average of 8.27%. These conditions make Richland an attractive place to invest or buy a home and can increase the value of your property over time.
The median home cost in Richland (zip 08350) is $274,100. Home appreciation the last 10 years has been 58.8%. Home Appreciation in Richland (zip 08350) is up 17.5%.
Average Age of Homes
- The median age of Richland (zip 08350) real estate is 45 years old
The Rental Market in Richland (zip 08350)
- Renters make up 17.7% of the Richland (zip 08350) population
- 0.0% of houses and apartments in Richland (zip 08350), 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.