The housing market in 07077 Sewaren, NJ is very impressive. The median home value has been reported to be $391,300, which is significantly higher than the US median home value of $338,100. On top of that, the 1-year house appreciation rate for 07077 Sewaren, NJ was 10.07%, which is higher than the national rate of 8.27%. This shows that housing prices have been rising steadily since last year and are likely to continue in this trend. Thus, investing in real estate in this area could be a great opportunity for potential buyers and investors alike.
The median home cost in Sewaren (zip 07077) is $391,300. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Sewaren (zip 07077) is up 13.9%.
Average Age of Homes
- The median age of Sewaren (zip 07077) real estate is 61 years old
The Rental Market in Sewaren (zip 07077)
- Renters make up 12.5% of the Sewaren (zip 07077) population
- 0.3% of houses and apartments in Sewaren (zip 07077), 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.