In the long term, New Jersey homes appreciate better than the nation as a whole.
The seven year appreciation rate (2002-2009) for New Jersey homeowners is 37.1 percent, more than five times the national rate of 7.1 percent.
Even with home prices reaching low points across the country, New Jersey’s unique advantages still make it a smart place to invest in real estate.
Garden State residents live in the home they buy for an average of seven years. Even during the current difficult economic climate, real estate in New Jersey can be a smart long term investment.
Source: 2008 Profile of New Jersey Home Buyers and Sellers