Zip 08242 (Rio Grande, NJ) Housing

Rio Grande, NJ 08242 has a median house value of $312,500 which is lower than the US median of $338,100. However, the one year appreciation rate for houses in Rio Grande is 16.42%, much higher than the 8.27% national average. This shows that despite a lower initial home value, Rio Grande is quickly becoming an attractive location for prospective home buyers due to its high rate of appreciation.

The median home cost in Rio Grande (zip 08242) is $312,500. Home appreciation the last 10 years has been 70.7%. Home Appreciation in Rio Grande (zip 08242) is up 20.3%.

Average Age of Homes

- The median age of Rio Grande (zip 08242) real estate is 34 years old

The Rental Market in Rio Grande (zip 08242)

- Renters make up 11.0% of the Rio Grande (zip 08242) population
- 0.0% of houses and apartments in Rio Grande (zip 08242), 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	Rio Grande, New Jersey	United States
	2,207.0	139,647,020.0
	32	42
	$312,500	$338,100
	20.3%	16.6%
	70.1%	57.0%
	70.7%	101.1%
	$16.64	$10.98
	$4,611	$2,690
	55.6%	57.4%
	19.3%	11.2%
	25.2%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	16.9%	3.6%
	2.3%	4.1%
Value of Owner-Occupied Housing
	1.7%	2.6%
	2.5%	2.4%
	0.0%	2.8%
	2.0%	3.9%
	0.0%	4.5%
	3.8%	11.3%
	10.2%	13.0%
	44.1%	20.1%
	27.9%	13.6%
	6.5%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	1.2%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	1.1%	0.2%
	22.6%	13.6%
	22.6%	13.6%
	4.3%	13.6%
	12.7%	13.2%
	24.0%	14.8%
	4.3%	13.6%
	4.5%	10.0%
	0.0%	4.7%
	0.5%	12.2%

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