There are currently 1,664 real estate properties in Port Monmouth, NJ, with a median automated valuation model (AVM) price of $502,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Port Monmouth, NJ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Port Monmouth, NJ, is $513,751.00, with the most expensive house in Port Monmouth, NJ, topping out at $1,366,400.00 and the cheapest home in Port Monmouth, NJ, clocking in at $214,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Port Monmouth, NJ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Port Monmouth, NJ, is on a rollercoaster ride. The average rent price in Port Monmouth, NJ, is $2,208.00. Indeed, when looking to rent in Port Monmouth, NJ, you can expect to pay as little as $1,290.00 or as much as $3,950.00, with the average rent median estimated to be $2,170.00. The good news is that finding an affordable and desirable property to rent in Port Monmouth, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Port Monmouth, NJ area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Port Monmouth, NJ and much more. Save thousands at closing with home foreclosure listings in Port Monmouth, NJ — up to 75% off market value!
Port Monmouth is located in Monmouth, New Jersey, with an estimated municipal population of 3,360 residents. All of the best foreclosed homes for sale in Port Monmouth are located in the following zip code areas on Foreclosure.com: 07748 07758. The estimated population per square kilometer (.62 miles) in Port Monmouth is 997.
So, about how much do homes cost in Port Monmouth? The most recent median value of resident-owned homes in Port Monmouth is 290,807. An estimated 81.5 percent of households in Port Monmouth own their homes, with an average family size of 3.27. The median household income in Port Monmouth is 86,875, with45.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Port Monmouth, the median commute time of resident workers (in minutes) is 31.8. And last, but certainly not least, are you looking for homes to rent in Port Monmouth? If so, the average rent price paid by renters in Port Monmouth is 958, according to recent statistics.
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 Port Monmouth, 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 Port Monmouth is 42.4, split between 46.9 percent male versus 53.1 female. The percentage of residents who report being married in Port Monmouth is 57.5, with an average family size of 3.27.
The percentage of residents who report their race in Port Monmouth is as follows:
|Black / African American||4%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Port Monmouth? Or maybe you are searching for 55+ active adult communities in and/or near Port Monmouth?
The percentage of residents who report their age in Port Monmouth is as follows:
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 Port Monmouth with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Port Monmouth.
How do you know that living in -- or moving to -- Port Monmouth is right where you need to be? Perhaps you grew up in Port Monmouth or already live nearby; therefore, the decision to buy a home in Port Monmouth is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Port Monmouth 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 Port Monmouth:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Port Monmouth.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Port Monmouth can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Port Monmouth, meanwhile, can field multiple offers from more qualified buyers.
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