RED BANK HOUSING MARKET INFORMATION With 12,779 people, 5,902 houses or apartments, and a median cost of homes of $708,805, real estate costs in Red Bank are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities. Single-family detached homes are the single most common housing type in Red Bank, accounting for 42.30% of the borough's housing units. Other types of housing that are prevalent in Red Bank include large apartment complexes or high rise apartments ( 34.44%), duplexes, homes converted to apartments or other small apartment buildings ( 14.54%), and a few row houses and other attached homes ( 8.72%). People in Red Bank primarily live in small (one, two or no bedroom) single-family detached homes. Red Bank has a mixture of owner-occupied and renter-occupied housing. The housing in Red Bank was primarily built before 1939 ( 35.85%), making the housing stock in Red Bank some of the oldest overall in America, although there is a range of ages of homes in Red Bank. The next most important housing age is between 1940-1969 ( 32.75%), followed by between 1970-1999 ( 23.85%). There's also some housing in Red Bank built between 2000 and later ( 7.55%). RED BANK HOME APPRECIATION RATES Real estate appreciation rates in Red Bank's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.01% during the period. Appreciation rates are so strong in Red Bank that despite a nationwide downturn in the housing market, Red Bank real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Red Bank appreciation rates continue to be some of the highest in America, at 11.98%, which is higher than appreciation rates in 97.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Red Bank. Red Bank appreciation rates in the latest quarter were at 2.11%, which equates to an annual appreciation rate of 8.71%. Relative to New Jersey, our data show that Red Bank's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey. One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Red Bank differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Red Bank - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Red Bank real estate investment or home purchase decisions.