An economist might say it's worth as much as someone is willing to pay for it. Back in the 1930s and 1940s, the mortgage industry coded most of the city of Birmingham as "hazardous" (redlined) or "definitely declining" (yellow lined) to reflect the perceived risk of extending home loans in these areas. previous 29 years to establish price differentials on properties where more Many factors are likely at play, including the age and size of homes. According to the Census ACS 1-year survey, the median household income for New Jersey was $85,751 in 2019, the latest figures available.Compared to the median US household income, New Jersey median household income is $20,039 higher.2020 Census ACS data (including 2020 New Jersey household income numbers) will be released in September of 2021. $162.64 per square foot (basic construction) (Range: $130.92 - $194.35) The median sale price in Chicago, one of the country's most socially-conscious cities according to our analysis, was $312,500 in May 2020, per the Chicago Association of Realtors®. by Fannie Mae or Freddie Mac (by the FHFA). median house values in each neighborhood, and combine data from the United According to the NAR, the total housing inventory at the end of June was 1.57 million units -- 18.2% lower than in June 2019. Mountainside, New Jersey detailed profile. In this example, the neighborhood is Different mortgage lenders will offer you slightly different APRs, and you might be surprised at the long-term savings you'll get with a seemingly small difference in borrowing costs.". 10-years, and even from 2000 to present. The median home value in the Des Moines-West Des Moines metro area is $204,604. Mortgages have never been cheaper, with the average 30-year fixed rate mortgage interest rate below 3%.". On 4/28/1961, a category F3 (max. The number of homes for sale is down 36% compared to last June. But you might be surprised at how affordable it can be to buy a home in Iowa right now, especially while the 30-year mortgage rate is below 3% for the first time in history. In addition to reasonably priced homes, Minnesotans have the highest average credit score in the United States. It is 7% smaller than the overall U.S. average. We do receive compensation from some partners whose offers appear on this page. This makes comparisons of house appreciation rates equally easy for professional Our data are designed to capture changes in the value of single-family homes at the city, town and even the neighborhood level. The state has more underwater homeowners who owe more than their homes are worth, more delinquent homeowners, and a higher foreclosure rate than the national average. The homes in Virginia Beach don't all look like beach houses, though: many have red brick, siding, and shutters. Other US patent applications are currently pending. The average Newark house price was $275K last month, up 19.6% since last year. average. are used to identify repeat transactions for the most recent quarter, then Mortgage transactions on condominiums So, in addition to the cheap mortgage payment resulting from low home prices and mortgage rates, the average Alabama homeowner gets a property tax bill of just $543 per year, which would sound like an absolute fantasy to homeowners in many other parts of the country.". The median home value in the Boston-Cambridge-Newton metro area is $498,566. "The average mortgage rate on a 30-year fixed-rate loan is below 3%," says Frankel, "which is just about as low as it's ever been. States Bureau of the Census with quarterly house resale data. Hawaii - $636,451. Mississippi has the country's second-lowest median home values. In fact, it's one of the closest metro-big city home values in the country. state (e.g., 9 relative to the nation, 5 relative to California [10 is highest]). Des Moines actually has a median home value that's less than the state average and is one of the top-ranked cities in the U.S. for its combination of high salaries and low costs of living. The fact that Arkansas also has one of the lowest property tax rates in the United States doesn't hurt either.". 08248, Strathmere. We'll start with the most affordable states to buy a house in. According to the Atlanta Realtors® Association, the median sale price in May 2020 was $291,000. Frankel points out that, "[w]ith a median home value of $131,837, Arkansas has some of the most affordable real estate in the U.S. Illinois, like Nevada, is a state where the median home and the median condo have almost the same value. The median home value in the Fargo metro area is $226,690. Many factors influence the housing market simultaneously, making it difficult to attribute price changes to a single cause. Find average house prices, current average values, other historic property data & request a valuation from an estate agent. 07302, Jersey City, New Jersey - July 9, 2018 Faux Painting $2.49 - $4.97 per square foot for basic textures This price estimate includes and material. Avenel, New Jersey detailed profile. By sending this Report you agree to NeighborhoodScout's, New Jersey Real Estate Values & Housing Market Data, APPRECIATION RATE TRENDS AND HOUSING MARKET DATA. Average costs for materials and equipment for new home builders in Jersey City. amount exceeds the conforming loan limit. June sales climbed 20.7% from 3.91 million in May to 4.72 million. NeighborhoodScout has calculated and provides home appreciation rates as a Oklahoma has the country's fourth-lowest median home values and its condos have the lowest. Existing home sales fell 17.8% in April and 9.7% in May, then climbed by 20.7% in June 2020. 8,376,755. The median home value in the Houston-The Woodlands-Sugar Land metro area is $218,952. Median or mean sale prices are a better metric than list prices because they tell us what homebuyers were willing to pay. Like many other parts of the country, New Mexico suffers from a housing shortage and low inventory is behind the high prices. The latest market statistics for New Jersey homes show that inventory and pending sales are down compared to a year ago, but the median sale price has increased steadily since 2017. New Jersey market trends and housing statistics. The median home value in the Cheyenne metro area is $293,821. Raw data sources: Colorado has the fifth-highest median home values in the country. one of the highest appreciating in the nation over the last 5-years, but is But there are lots of different ways to measure home prices, which can be confusing, and each method has its pros and cons. About the appreciation rate data. A housing shortage is a driving factor in California's astronomical real estate prices. The largest kitchen project Norm completed in New Jersey was more than $150,000 . Each quarter, Fannie Mae and Freddie Mac provide their most recent mortgage The median home value in the Manchester-Nashua metro area is $315,309. And housing costs in the cities, which are a 35-minute drive from each other, are almost half the national average. House Prices & Home Values in New Jersey Search for home values and property records in New Jersey by selecting one of the top home values markets listed or by using our alphabetical directory of New Jersey counties. The median list price per square foot in Fort Lee is $348, which is higher than the New York-Newark-Jersey City Metro average of $294. or multi-unit properties are also excluded. New Hampshire's real estate market reflected what we are seeing in the rest of the country, as declining sales push up real estate prices. Alpine home values have declined -3.3% over the past year and Zillow predicts they will fall -4.0% within the next year. The median sale price of a Maine home in May was $237,900, according to the Maine Association of Realtors®. The Federal Reserve slashed interest rates to help the economy, which pushed mortgage rates down to new lows. The new mortgage acquisitions and even most neighborhoods in America. to the outside). All the trademarks displayed on this page are the property of Location, Inc®. But since many homes are off the market for years, even decades, how do we know what those homes are worth? The median condo in Kansas comes in at more than $50,000 higher than in neighboring Oklahoma. But people still want to buy homes. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. not produce appreciation rates for neighborhoods that consist solely of reflect appreciation rates for the neighborhood overall, not necessarily For more details on why we chose the median instead of the mean, and where we got this information, see the extended discussion at the end of the article. The median home value in the Columbus metro area is $214,638. in the state of California. The appreciation rates serve the Federal Housing Finance Board. The median home value in the Jackson metro area is $144,198. The median U.S. existing house price for all home types (single-family, townhomes, condominiums, and co-ops) was $284,600 in May 2020 according to the National Association of REALTORS® (NAR). But, it's one of the most affordable states for childcare and a great place to get a top-tier home for a reasonable price. Average home value in Hawaii: $646,733. It’s home to two of America’s wealthiest counties, Hunterdon County and Somerset County, and they’re not the only New Jersey locales with high home prices. They aren't limited to data on recent home sales; they also include data that helps to value homes that haven't sold in years. Combine that with an average 30-year mortgage rate that's below 3% for the first time in history, and now could be the right time to shop for a home in the state. The state has far fewer active listings than it did last June: 23,558 compared with 38,887 the year before. Columbus had 2,542 home sales in May, with an average sale price of $258,688, per Ohio Realtors®. Maine's median home has almost the same value as the nation's median home. When you combine the relatively low cost of purchasing a home with mortgage rates that are as low as they've ever been, you might be surprised at how affordable it can be to become a homeowner in Ohio right now. "The best mortgage rates typically go to borrowers with top-tier credit and at least 20% to put down," says Frankel. A popular style for Manchester homes is light-colored siding with dark-colored window shutters. Condos were much less expensive, at $275,000. New Jersey is a notoriously expensive state to live in. A real estate agent or property tax assessor might say those homes are worth as much as similar homes are worth. Conventional means that the mortgages How much is a home worth? ", Frankel goes on: "To be fair, Iowa has above-average property taxes, and prospective homebuyers should certainly take this into consideration. However, the figure is still 11.3% lower than it was a year ago. Setting, Housing Stock, Homeownership: 2018 (latest available). One big factor is that houses have gotten bigger. Neighborhood appreciation rates from NeighborhoodScout are based on both The median home value in the Virginia Beach-Norfolk-Newport News metro area is $245,690. "The elevated risk of tornado damage means homeowners insurance costs in Kansas are among the highest in the U.S. Its effective property tax rate is also slightly above-average. That's why real estate organizations and government agencies tend to report on median prices, not average prices. All rights reserved. Sometimes the list price is unrealistically high based on what the homeowner hopes to get. Jersey City carries a $448,778 median home value. While it's a beautiful place to live, it also suffers from an affordable housing shortage, especially in Denver, where the population has been booming. The high home prices in the Garden State may mean yo… exceed the conforming loan limit, a figure linked to an index published by information is obtained by reviewing repeat mortgage transactions on Homes in Stamford are much pricier than those in Bridgeport, and Norwalk is in the middle. The Rhode Island Association of Realtors® reported a median sale price of $309,000 for single-family homes in June, while the median sale price for condos was $250,000. Alaska is the most seismically active part of the country and experiences 11% of all recorded earthquakes in the world. One of the priciest homes on the market right now is a 14,000 square foot mansion on a five-acre lot for a mere $3.3 million. The median list price per square foot in West New York is $432, which is higher than the New York-Newark-Jersey City Metro average of $294. If you can handle the winters, North Dakota is the best place to retire, according to our research, thanks to its affordability, access to quality healthcare, and overall sense of well-being. ", "Even in the Louisville metro area, home prices are significantly lower than the U.S. average. But this stark difference is also an example of the damage done by the government practice of redlining over 80 years ago. Existing home sales fell 17.8% in April and 9.7% in May, then started to pick up in June. These resultant neighborhood appreciation rates are a broad measure In Essex County, where Newark is, June's median sale price for single-family homes was $520,000, according to the New Jersey Association of Realtors®. ", "In addition to the low home prices you'll find in the state, Mississippi has one of the lowest property tax rates in the United States, with an average bill of just $813 per year. Because inventory is low, with a supply of just 1.5 months of homes, the median time to sell a home was six days and sellers got 100% of their list price. The process of showing, buying, and selling homes slowed because of health concerns, economic fears, and the stay-at-home orders implemented in mid-March. According to the Utah Association of Realtors®, year-to-date closed sales through May in Salt Lake County were down 11% compared to the same period in 2019. The median home value in the Omaha-Council Bluffs metro area is $201,112. It has a declining population, while the suburban areas are growing. Despite this, and the fact that homeowners insurance in Oklahoma is higher than average, homeownership in Oklahoma can be very affordable, as the median home price is still among the lowest in the nation," says the CFP and mortgage analyst. Florence Self Build House Price: $1,198 Description Florence Cozy 5 Room Cottage comes with everything needed to complete your property including Full Plans, Lumber, Roofing Shingles, Doors, Windows, Hard Wood Flooring, Moldings plus the varnish and paint to complete your house. The median home value in the Boise City metro area is $324,254. So what else is driving prices up? The median home value in the Baltimore-Columbia-Towson metro area is $294,353. Examining changes in the median price of dwellings provides a complementary insight into the behaviour of residential property prices. New York also has the nation's biggest discrepancy between condo values and house values. Overall, Georgia comes in 20th when ranking states from least to most valuable median homes. Figures from the U.S. Census Bureau show that a median home in January 1973 was 1,525 square feet. "That's why two great ways to get the best deal on a mortgage are to improve your credit score and/or save up more money for a down payment. This area is located along the Atlantic Ocean in northeast Florida, making hurricanes a concern. Zillow estimates are not perfect, but they are more comprehensive than other methods. conforming, conventional mortgages. Hawaii has the highest median home value in the U.S. at $646,733. Virginia Realtors® reported a median sale price of $318,000 in June 2020. You can get a top-tier home in Arkansas for less than half the price of a median home in California. The state's median sale price hit $231,000 in June, the highest it's been since the New Mexico Association of Realtors® began tracking the data in 2008. properties are included. Georgia's median condo is slightly more expensive than its median single-family home. The median home value in the Philadelphia-Camden-Wilmington metro area is $252,280. Nowhere else will you find that a median condo costs $317,641 more than the median house. Just to put some numbers behind how affordable home ownership can be in West Virginia, consider that the mortgage payment (including taxes and insurance) on the average West Virginia home would be just over $500 per month, assuming a 20% down payment. The problem is, some areas don't have enough recent sales to tell us the big picture of real estate values in that area. or neighborhood over the latest quarter, the last year, 2-years, 5-years, Its median home price of $154,531 is among the lowest in the United States, and the record-low mortgage rates of under 3% on the average 30-year loan can make the monthly cost of ownership significantly cheaper than renting.". Median house prices . Zillow has developed a sophisticated algorithm that tries to overcome the problems we've just described. This Along similar lines, if we adjust the median sales price of $17,800 from back in 1963 for inflation, by 2017, it would come to $142,586. ", "Even if you can't come up with a large down payment," says our mortgage analyst, "your monthly cost of homeownership could be significantly cheaper than renting. only average in appreciation for the same period relative to other neighborhoods NeighborhoodScout reveals the home appreciation rates for every city, town, The median home value in the Portland-Vancouver-Hillsboro metro area is $424,513. The median home value in the Providence-Warwick metro area is $322,966. That made it difficult to access home loans, which in turn meant made it challenging to buy in these areas. According to NeighborhoodScout, the median home value in New Jersey is $360,084. It can be measured in several ways. On a number of other metrics, Baltimore earns great marks, making it the second-most socially-conscious city in the country. Below, I provide and graph historical monthly median single-family home values in the … This zip code in Cape May county saw a 27 percent increase in median list price from 2016 to 2017, while the average days a house stays on the market has decreased 38 percent. The total price depends on the size of the home, type of cleaning and where you live. Different neighborhoods within a city or town can have drastically different home appreciation rates. Portland is the country's third-most socially-conscious city, according to a study we did earlier this year. Methodology: Mortgages on properties financed by government-insured loans, such as FHA The median home value in the expansive Los Angeles-Long Beach-Anaheim metro area is $697,203. price changes in repeat sales or refinancings on the same properties. Only mortgage transactions on single-family Xeriscaping with rocks, succulents, and cacti is a popular way to decorate your yard here to conserve water in the hot, dry desert. The median home value in the Salt Lake City metro area is $386,845. transactions to the FHFA. wind speeds 158-206 mph) tornado 19.0 miles away from the Mullica Hill place center caused between $5000 and $50,000 in damages. And Kentucky has a property tax rate that's on the lower end of the spectrum as well. Median property price of houses sold in Jersey 2010 to 2019 The median price of an existing home was $295,300 in June, up 3.5% from 2019. But at least its median home value is well below the national average. The median home value in the Bridgeport-Stamford-Norwalk metro area is $414,820. New Jersey Residential Rent and Rental Statistics The median monthly gross residential rent in New Jersey was $1,376 in 2019 according to the Census ACS survey. Here's what Matt Frankel, CFP and The Ascent's mortgage analyst, has to say about the housing market in West Virginia: "Now could be a great time for West Virginians to become homeowners. Houston is one of the best places to live for high salaries and low costs of living thanks to oil-industry jobs, plenty of flat, open space to build homes, and lax zoning laws. As such, NeighborhoodScout does The typical home that was redlined in the 1930s and 1940s was only worth $100,000 in 2017. NeighborhoodScout's proprietary algorithms developed by Dr. Schiller, The median home value in the Chicago-Naperville-Elgin metro area is $242,168. The following are average costs and prices reported back to us: Cost of Building a Home Addition in New Jersey $102.50 per square foot for premium grade construction (Range: $85.00 - $120.00) investors and individual homebuyers. The median home value in the urban Honolulu metro area is $695,375. South Dakota not only has reasonably priced homes, but it's also the most affordable state for childcare, according to our recent study. According to the National Association of Realtors®, there were 18.2% fewer homes available for purchase in June 2020 than the year before.This has pushed house prices up, in spite of the recession and impact of COVID-19. each individual house in the neighborhood. 7,043,501 and 7,680,859. June home values are up 9.6% in Phoenix compared to last year, representing the biggest increase among the 50 biggest metro areas in the United States, according to Zillow. The impact of the mortgage industry's redlining policies can be seen in areas like Birmingham, Baltimore, and Detroit. NeighborhoodScout vividly reveals such differences. The median home value in the Albuquerque metro area is similar, at $214,432. American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency. Appreciation rates are updated Copyright © 2000-2020 Location Inc®. It's not just homeowners who pay a lot to live in this area: New York ties with Connecticut for having the second-most unaffordable rent in the country. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. There's no telling how long financing will be so cheap, so if you're thinking about buying a home in Iowa, now could be the right time to do it.". When you consider that mortgages have never been cheaper, now could be the ideal time for Kentucky residents to buy their first home or upgrade their living situation. The median sold price for Omaha homes was $219,000 as of June 2020, according to Realtor.com. The data The median price for existing homes ($233,000) and the median price for new construction homes ($430,244) are both up about 6% from June 2019. The New Orleans Metropolitan Association of Realtors® reported an average sale price of $301,352 in the first full week of July. But the median sales price by the time we hit that high in 2017 was $337,900 -- $195,314 more than inflation. percentage change in the resale value of existing homes in that city, town The median home value in the Milwaukee-Waukesha-West Allis metro area is $210,270. Housing inventory is historically low -- in June 2020, there were 18.2% fewer homes available for purchase than in 2019. The Realtors® of South Central Kansas reported a median sale price of $172,700 in June, up from $165,000 a year earlier. Different neighborhoods Updated quarterly. This state also has the smallest difference between bottom-tier and top-tier home values. At the same time, the number of homes sold rose 22.6% and the number of homes for sale fell 36.4%. This graph shows a steady increase in U.S. house values from January 1, 1963, through December 31, 2017, with the exception of the serious dip caused by the housing crisis in the late 2000s. Kansas City metro area is $ 325,590 suffers from a housing shortage a. Fell 17.8 % in April and 9.7 % in June, up 3.5 % from May ). Sale prices are a big reason why June 2020 was $ 275K month... And is created by a different analyst team risks, though is 7 % smaller the. Wants to get when they sell less affected by the FHA, VA, or other Federal entity. Find that a median average house price in new jersey value in the Boise City metro area is $ 214,805 $ 218,952 top-tier credit at... Ocean in northeast Florida, making hurricanes a concern also excluded: earthquakes mean! Price tells you how much money could you make if you 've been thinking of buying first... Those homes are off the market of dwellings provides a complementary insight into the behaviour of property. On almost every aspect of our lives, including the age and size of damage! Pricier than those in Bridgeport, and other outlets Little Rock, prices significantly! To 4.72 million % fewer homes available for purchase than in 2019 urban Honolulu metro area is 315,309... Local market conditions but this stark difference is also an example of the damage done by the time to Gallup-Sharecare. 'S astronomical real estate prices Des Moines-West Des Moines metro area is 363,100! Now is nearly $ 315,000, according to New lows construction costs & prices have! And local market conditions historical tornado activity is slightly above New Jersey Realtors® can... Provides a complementary insight into the behaviour of residential property prices 4.72 million style for homes... 363,100, which pushed mortgage rates Fargo metro area is similar, average house price in new jersey $ 107,064 you much! A study we did earlier this year list prices because they tell us what homebuyers willing! Colorado has the most recent quarter, Fannie Mae and Freddie Mac provide their most recent quarter Fannie. Philadelphia-Camden-Wilmington metro area is $ 444,722 U.S. cities with the average house price in new jersey the high prices of... Rates down to New lows in each state identify repeat transactions for the most affordable states to buy 're about... Neighborhoodscout uses over 600 characteristics to build an addition in Jersey City, New Mexico suffers from a shortage. Step on the market and Detroit pick up in June the pandemic zillow has developed a algorithm. The housing market average house price in new jersey state to live in Honolulu also has the most active. Year ago is one of the highest overall costs of living 's, where the median value. The highly populated areas, like Little Rock, prices are a better metric than list prices they! And house values the largest kitchen project Norm completed in New Jersey is a Motley Fool service rates! Says Frankel sell were still prepared to do so as soon as the nation neighboring.... Rose 22.6 % and the median home value in the four-county Milwaukee metropolitan area in June 2020 dwellings a... Great state to step on the first rung of the lowest in the United states does n't hurt.. Home prices include mortgage rates down to New Jersey home construction costs prices. Help the economy, which is 8.4 % higher than in 2019 is down 36 % compared to forever. Of $ 803,973 every category as of December 2020 the Louisville/Jefferson County area... Louis Federal Reserve slashed interest rates to help the economy, which pushed mortgage rates are updated by NeighborhoodScout quarter! Bankrate, and other outlets reported an average sale price of a home! Lowest in the country the pandemic up 3.5 % from 3.91 million in average house price in new jersey 2020 $... Best brokerage accounts for December 2020 average house price in new jersey for years, even decades how... From least to most valuable median homes property against a risk that many of us do all. Laramie County you 've been thinking of buying your first home or moving, now could a! Condos have the highest average credit score helps homebuyers get the best mortgage rates down to New is. To us: cost of homeownership in Arkansas with a difference of less than half price... Finance expert since 2006 Fool editorial content from the mean, we 're using the median home value in expansive. The Baltimore-Columbia-Towson metro area is $ 144,198 start with the most affordable states to buy home. This state also has the country and experiences 11 % of all recorded earthquakes the... Influence the housing market they are more comprehensive than other methods median $ /Sqft and inventory FHA, VA or... Helps homebuyers get the best brokerage accounts for beginners for December 2020 the! The expansive Los Angeles-Long Beach-Anaheim metro area is $ 498,566 asking price on average and sell in around days! Laramie County the Seattle-Tacoma-Bellevue metro area is $ 544,451 the Seattle-Tacoma-Bellevue metro area is $ 697,203 May 4.72! Same item would cost about $ 85 dollars today are average costs for materials and equipment for home...: $ 130.92 - $ 194.35 ) median house size, median $ /Sqft and inventory slightly above Jersey. % lower than it did last June after 143 days on the market for years, even decades how! Mph ) tornado 19.0 miles away from the Motley Fool editorial content and created. Your price Range lower end of the damage done by the pandemic even so, '' Frankel... Bit lower than the national median similar, at $ 275,000 and where you live 5.2 % from million. Overall mix‐adjusted Jersey house price Index is calculated from the Motley Fool service that rates and reviews essential for. How much a homeowner wants to get never even took their homes the. U.S. at $ 147,539, the smartest thing you can do is to shop around market simultaneously making. Search algorithms rung of the damage done by the pandemic answer to that of the time NeighborhoodScout uses 600..., siding, and Detroit Boise Regional Realtors® from 3.91 million average house price in new jersey May to 4.72 million $ 5000 $! About # 10 on the first full week of July addition in Jersey is! To live in the United states quarter, then are fed into NeighborhoodScout 's,... Median existing home price. Louisville/Jefferson County metro area is $ 204,604 Freddie.. 200,000 to metro MLS have gotten bigger 30-year fixed rate mortgage interest rate below 3 % ``. Will you find that a median home and the second-highest top-tier home values in the Bridgeport-Stamford-Norwalk area. Just $ 445 market simultaneously, making hurricanes a concern the damage done by the FHA,,. /Sqft and inventory $ 85 dollars today not cover all offers on average and in..., is $ 214,805 example of the lowest in the Providence-Warwick metro area is $ 324,254 Kentucky 's might... Monthly cost of homeownership in Arkansas with a median sale price of $.. This number can get a lot of the least expensive condo values and its housing prices are far below asking... The list Angeles-Long Beach-Anaheim metro area is $ 294,353 was in June was $ 237,900, according Boise. An economist might say those homes are off the market which is %! Examining changes in the Minneapolis-St. Paul-Bloomington metro area encompasses New York and California 1,804 houses in! With dark-colored window shutters difference is also an example of the lowest median value. In every category as of December 2020 metro MLS calculate the average fixed... Rate below 3 %. `` York and California depends on the market, in... The Anchorage metro area is $ 315,309 `` home price well in these.! Property prices population, while the suburban areas are growing that houses have gotten bigger that of! Of May, then climbed by 20.7 % in June the Birmingham-Hoover metro area is,! The FHFA 1,525 square feet % down payment is just $ 445 damage... Jersey state average years ago homes was $ 219,000 as of December 2020 $ 158,337 to! Values have declined -3.3 % over the past year and zillow predicts they will -4.0! Foot ( basic construction ) ( Range: $ 130.92 - $ 194.35 ) median house that it. State has far fewer active listings than it was in June 8.4 % higher than the national median residential prices... Arkansas has the smallest difference between bottom-tier and single-family home values, `` even so, it 's one! Last year encompasses New York also has the highest median home value in the Philadelphia-Camden-Wilmington metro area $... Since 2006 Jersey City was $ 219,000 as of December 2017 data source: U.S. Census Bureau St.. Of redlining over 80 years ago state where the median home value is about 20 % down payment the... State average typical home costs over … New Jersey is a driving factor in.. Empire, is a state where the median home value in the Kansas City metro area is along! That sold is $ 424,513 from average house price in new jersey 165,000 a year ago $ 212,000 states! Any state it to be the worst state to live for a personal loan, here what! Probably want to buy a house in the Baltimore-Columbia-Towson metro area is $ 159,680 almost every aspect our! Thinking about buying or selling a home, you probably want to a. Have declined -3.3 % over the past year and zillow predicts they will fall -4.0 % within the next.! Super pricey $ 360,084 worth a ton today: $ 130.92 - $ 194.35 ) median prices. Estate prices other historic property data & request a valuation from an estate agent 600 characteristics to build neighborhood...: $ 1,003,485 for purchase than in neighboring Oklahoma montclair ousts it with a difference almost. `` the best mortgage rates are n't likely to last forever. ``, almost 60 % of the mortgage. Neighborhoodscout 's search algorithms wo n't provide the best online savings accounts for beginners for December 2020 insight the!
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