The housing market in Sussex, NJ (zip code 07461) is currently valued at $345,800. This is slightly higher than the US median price of $338,100. While home values have appreciated nationwide over the past year with an increase of 8.27%, homes in Sussex have seen a slightly lower appreciation rate of 7.56%. This appreciation rate suggests that while the housing market in this area has grown over the past year, it has done so at a noticeably slower pace than other areas of the country.
The median home cost in Sussex (zip 07461) is $345,800. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Sussex (zip 07461) is up 12.7%.
Average Age of Homes
- The median age of Sussex (zip 07461) real estate is 41 years old
The Rental Market in Sussex (zip 07461)
- Renters make up 13.6% of the Sussex (zip 07461) population
- 1.8% of houses and apartments in Sussex (zip 07461), 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.