Preforeclosure Homes in Allenwood, NJ

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View this home at Princeton Ct Allenwood NJ 08720
$1,216,865 EMV

| 2,996 Sq. Ft.

View this home at Route 50 Allenwood NJ 08720
View this home at Rambling Hill Ct Allenwood NJ 08720
$830,365 EMV

| 2,672 Sq. Ft.

View this home at Shoreline Dr Allenwood NJ 08720
$805,344 EMV
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Home Value Estimator For Allenwood, NJ

There are currently 209 real estate properties in Allenwood, NJ, with a median automated valuation model (AVM) price of $917,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Allenwood, 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 Allenwood, NJ, is $992,854.00, with the most expensive house in Allenwood, NJ, topping out at $6,400,000.00 and the cheapest home in Allenwood, NJ, clocking in at $183,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Allenwood, NJ!

Rent Prices In Allenwood, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Allenwood, NJ, is on a rollercoaster ride. The average rent price in Allenwood, NJ, is $3,109.00. Indeed, when looking to rent in Allenwood, NJ, you can expect to pay as little as $1,530.00 or as much as $5,660.00, with the average rent median estimated to be $3,060.00. The good news is that finding an affordable and desirable property to rent in Allenwood, 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 Allenwood, NJ In 2024

Allenwood is located in Monmouth, New Jersey, with an estimated municipal population of 883 residents. All of the best foreclosed homes for sale in Allenwood are located in the following zip code areas on 07719 08720 08724. The estimated population per square kilometer (.62 miles) in Allenwood is 195.

Cost Of Living In Allenwood, NJ

So, about how much do homes cost in Allenwood? The most recent median value of resident-owned homes in Allenwood is 565,964. An estimated 83 percent of households in Allenwood own their homes, with an average family size of 3.59. The median household income in Allenwood is 114,861, with61 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Allenwood, the median commute time of resident workers (in minutes) is 33.2. And last, but certainly not least, are you looking for homes to rent in Allenwood? If so, the average rent price paid by renters in Allenwood is 1,705, according to recent statistics.

Diversity And Demographics In Allenwood, 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 Allenwood, 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 Allenwood is 47, split between 47.8 percent male versus 52.2 female. The percentage of residents who report being married in Allenwood is 45.9, with an average family size of 3.59.

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

White 96.9%
Black / African American 1.2%
Asian 1.8%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

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

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

Under 10 3.4%
Aged 10-19 21.2%
20s 16.8%
30s 2.7%
40s 13%
50s 17.6%
60s 14.4%
70s 4.4%
80+ 6.6%

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

Pros And Cons Of Living In Allenwood, New Jersey

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

  • 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 Allenwood.

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

Allenwood, NJ Preforeclosure Homes


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