Passaic, NJ County is a great place to live if you're looking for an affordable home. The median value of a house in Passaic County is $447,000 which is significantly lower than the national median value of $338,100. Furthermore, the house appreciation rate in Passaic County has been higher than the US average with a 1 year appreciation rate of 10.87%, compared to 8.27% nationwide. With such affordability and strong appreciation rates, Passaic County might be the perfect option for those looking for an investment or just a cozy place to call home.
The median home cost in Passaic County is $447,000. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Passaic County is up 12.3%.
Average Age of Homes
- The median age of Passaic County real estate is 60 years old
The Rental Market in Passaic County
- Renters make up 42.2% of the Passaic County population
- 1.0% of houses and apartments in Passaic County, 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.