Teterboro, NJ is a great place to live in due to its high median housing value. At $623,600, the median value of homes in Teterboro is almost double that of the US median value of $338,100. Furthermore, the one year appreciation of houses in Teterboro is even more remarkable at 10.32%, compared to 8.27% for the US as a whole. This shows that investing in real estate in Teterboro is a wise decision, as it yields higher returns and greater equity growth than buying property elsewhere.
The median home cost in Teterboro is $623,600. Home appreciation the last 10 years has been 52.1%. Home Appreciation in Teterboro is up 9.0%.
Average Age of Homes
- The median age of Teterboro real estate is 43 years old
The Rental Market in Teterboro
- Renters make up 96.6% of the Teterboro population
- 0.0% of houses and apartments in Teterboro, 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.