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Multi-family Homes in Cranbury, NJ

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View this home at Orchard St Metuchen NJ 08840
Preforeclosure
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$379,800 EMV
Orchard St
Metuchen, NJ 08840
Multi-Family
EST. RENT: $2,660
|
AUCTION: 04-24-2024
Multi-Family
Displaying 1 - 10 of 106

Top Reasons To Live In Cranbury, NJ In 2024

Cranbury is located in Middlesex, New Jersey, with an estimated municipal population of 3,649 residents. All of the best foreclosed homes for sale in Cranbury are located in the following zip code areas on Foreclosure.com: 08512. The estimated population per square kilometer (.62 miles) in Cranbury is 106.


Cost Of Living In Cranbury, NJ

So, about how much do homes cost in Cranbury? The most recent median value of resident-owned homes in Cranbury is 726,388. An estimated 86.1 percent of households in Cranbury own their homes, with an average family size of 3.14. The median household income in Cranbury is 168,194, with68.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cranbury, the median commute time of resident workers (in minutes) is 37.3. And last, but certainly not least, are you looking for homes to rent in Cranbury? If so, the average rent price paid by renters in Cranbury is 1,661, according to recent statistics.


Diversity And Demographics In Cranbury, New Jersey

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Cranbury, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Cranbury is 48.8, split between 51.1 percent male versus 48.9 female. The percentage of residents who report being married in Cranbury is 66, with an average family size of 3.14.

The percentage of residents who report their race in Cranbury is as follows:

White 77.6%
Black / African American 5.1%
Asian 12.8%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.5%
Other 3%

Looking for family-friendly neighborhoods in and/or near Cranbury? Or maybe you are searching for 55+ active adult communities in and/or near Cranbury?

The percentage of residents who report their age in Cranbury is as follows:

Under 10 6%
Aged 10-19 17.5%
20s 6.4%
30s 7.4%
40s 14.8%
50s 19.9%
60s 14.3%
70s 8.2%
80+ 5.4%

Best Schools In Cranbury, New Jersey

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Cranbury with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cranbury.


Pros And Cons Of Living In Cranbury, New Jersey

How do you know that living in -- or moving to -- Cranbury is right where you need to be? Perhaps you grew up in Cranbury or already live nearby; therefore, the decision to buy a home in Cranbury is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cranbury for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Cranbury:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cranbury.


Reasons To Move To Cranbury, New Jersey, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cranbury can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cranbury, meanwhile, can field multiple offers from more qualified buyers.

Cranbury, NJ Multi-family Homes Foreclosures


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