The housing market in 08328 Malaga, NJ is quite strong. According to the given context, the median value of a house in this area is $246,100, which is notably lower than the US median value of $338,100. Despite having a lower median value than the nation's average, Malaga's one-year house appreciation rate has been 10.41%, which is higher than the US rate of 8.27%. This suggests that this area could be an attractive option for those looking to invest in real estate due to its relatively low cost and high potential for growth.
The median home cost in Malaga (zip 08328) is $246,100. Home appreciation the last 10 years has been 58.8%. Home Appreciation in Malaga (zip 08328) is up 17.5%.
Average Age of Homes
- The median age of Malaga (zip 08328) real estate is 41 years old
The Rental Market in Malaga (zip 08328)
- Renters make up 14.7% of the Malaga (zip 08328) population
- 0.0% of houses and apartments in Malaga (zip 08328), 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.