Red Bank, NJ is a desirable area with a median house value of $547,500, which is much higher than the US median house value of $338,100. The 1 year US house appreciation rate is 8.27%, and Red Bank's rate is even higher at 11.40%. This means that the housing in Red Bank has appreciated at a faster rate than other areas across the country. Red Bank has become an attractive option for homebuyers due to its high median house values and its strong appreciation rate, making it a desirable place to live.
The median home cost in Red Bank is $547,500. Home appreciation the last 10 years has been 78.1%. Home Appreciation in Red Bank is up 17.5%.
Average Age of Homes
- The median age of Red Bank real estate is 67 years old
The Rental Market in Red Bank
- Renters make up 48.0% of the Red Bank population
- 0.1% of houses and apartments in Red Bank, 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.