Cheap Homes in Bayonne, NJ

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Top Reasons To Live In Bayonne, NJ In 2024

Bayonne is located in Hudson, New Jersey, with an estimated municipal population of 64,897 residents. All of the best foreclosed homes for sale in Bayonne are located in the following zip code areas on 07002. The estimated population per square kilometer (.62 miles) in Bayonne is 4,304.

Cost Of Living In Bayonne, NJ

So, about how much do homes cost in Bayonne? The most recent median value of resident-owned homes in Bayonne is 333,820. An estimated 38.5 percent of households in Bayonne own their homes, with an average family size of 3.27. The median household income in Bayonne is 63,947, with31.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Bayonne, the median commute time of resident workers (in minutes) is 36.1. And last, but certainly not least, are you looking for homes to rent in Bayonne? If so, the average rent price paid by renters in Bayonne is 1,255, according to recent statistics.

Diversity And Demographics In Bayonne, 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 Bayonne, 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 Bayonne is 38, split between 48.9 percent male versus 51.1 female. The percentage of residents who report being married in Bayonne is 47.3, with an average family size of 3.27.

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

White 62.6%
Black / African American 10.6%
Asian 9.9%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0.3%
Multi-racial 4.2%
Other 11.9%

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

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

Under 10 13.5%
Aged 10-19 11.6%
20s 12.1%
30s 15.5%
40s 14%
50s 12%
60s 11.7%
70s 5.9%
80+ 3.6%

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

Pros And Cons Of Living In Bayonne, New Jersey

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

  • 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 Bayonne.

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

Cheap Homes in Bayonne, NJ


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