Bankruptcy Homes in Absecon, NJ

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Home Value Estimator For Absecon, NJ

There are currently 3,749 real estate properties in Absecon, NJ, with a median automated valuation model (AVM) price of $282,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Absecon, 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 Absecon, NJ, is $279,302.00, with the most expensive house in Absecon, NJ, topping out at $1,578,200.00 and the cheapest home in Absecon, NJ, clocking in at $53,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Absecon, NJ!

Rent Prices In Absecon, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Absecon, NJ, is on a rollercoaster ride. The average rent price in Absecon, NJ, is $1,731.00. Indeed, when looking to rent in Absecon, NJ, you can expect to pay as little as $920.00 or as much as $3,880.00, with the average rent median estimated to be $1,750.00. The good news is that finding an affordable and desirable property to rent in Absecon, 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.

Top Reasons To Live In Absecon, NJ In 2024

Absecon is located in Atlantic, New Jersey, with an estimated municipal population of 8,818 residents. All of the best foreclosed homes for sale in Absecon are located in the following zip code areas on 08201. The estimated population per square kilometer (.62 miles) in Absecon is 622.

Cost Of Living In Absecon, NJ

So, about how much do homes cost in Absecon? The most recent median value of resident-owned homes in Absecon is 192,319. An estimated 80.3 percent of households in Absecon own their homes, with an average family size of 3.07. The median household income in Absecon is 70,393, with31.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Absecon, the median commute time of resident workers (in minutes) is 22.1. And last, but certainly not least, are you looking for homes to rent in Absecon? If so, the average rent price paid by renters in Absecon is 1,402, according to recent statistics.

Diversity And Demographics In Absecon, 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 Absecon, 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 Absecon is 45.9, split between 49.7 percent male versus 50.3 female. The percentage of residents who report being married in Absecon is 51.4, with an average family size of 3.07.

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

White 74.3%
Black / African American 10.2%
Asian 5.5%
American Indian / Alaskan Native 0.6%
Native Hawaiian / Other Pacifc Islander 0.6%
Multi-racial 2.4%
Other 6.5%

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

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

Under 10 11.4%
Aged 10-19 10.6%
20s 10.6%
30s 11.9%
40s 8.3%
50s 17%
60s 16.7%
70s 7.8%
80+ 5.8%

Best Schools In Absecon, 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 Absecon with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Absecon.

Pros And Cons Of Living In Absecon, New Jersey

How do you know that living in -- or moving to -- Absecon is right where you need to be? Perhaps you grew up in Absecon or already live nearby; therefore, the decision to buy a home in Absecon is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Absecon 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 Absecon:

  • 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 Absecon.

Reasons To Move To Absecon, 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 Absecon can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Absecon, meanwhile, can field multiple offers from more qualified buyers.

Absecon, NJ Bankruptcy Homes


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