Housing in 08831 Monroe Township, NJ is in excellent shape compared to the national stage. The median value for housing in 08831 Monroe Township, NJ is $471,700, which is significantly higher than the US median value of $338,100. In addition, while the US saw an appreciation of 8.27% over the past year, homes in 08831 Monroe Township experienced a much higher appreciation rate of 10.79%. This data indicates that housing in 08831 Monroe Township, NJ is growing at a faster pace than most places in the country, making it a great location to invest in real estate.
The median home cost in Monroe Township (zip 08831) is $471,700. Home appreciation the last 10 years has been 60.4%. Home Appreciation in Monroe Township (zip 08831) is up 15.1%.
Average Age of Homes
- The median age of Monroe Township (zip 08831) real estate is 29 years old
The Rental Market in Monroe Township (zip 08831)
- Renters make up 11.5% of the Monroe Township (zip 08831) population
- 0.0% of houses and apartments in Monroe Township (zip 08831), 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.