The housing market in 08079 Salem, NJ is thriving. The median value of a home in this area is $170,200 which is significantly lower than the US national median value of $338,100. In the past year, the appreciation rate of homes in 08079 Salem, NJ was 15.62% which is much higher than the national average of 8.27%. As such, buying or investing in a house in this area is a great opportunity and will likely result in a good return on investment down the line as values continue to appreciate.
The median home cost in Salem (zip 08079) is $170,200. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Salem (zip 08079) is up 18.1%.
Average Age of Homes
- The median age of Salem (zip 08079) real estate is 61 years old
The Rental Market in Salem (zip 08079)
- Renters make up 35.0% of the Salem (zip 08079) population
- 4.0% of houses and apartments in Salem (zip 08079), 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.