There are currently 4,152 real estate properties in Berkeley Heights, NJ, with a median automated valuation model (AVM) price of $752,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Berkeley Heights, 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 Berkeley Heights, NJ, is $790,883.00, with the most expensive house in Berkeley Heights, NJ, topping out at $4,209,400.00 and the cheapest home in Berkeley Heights, NJ, clocking in at $163,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Berkeley Heights, NJ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Berkeley Heights, NJ, is on a rollercoaster ride. The average rent price in Berkeley Heights, NJ, is $3,105.00. Indeed, when looking to rent in Berkeley Heights, NJ, you can expect to pay as little as $1,400.00 or as much as $6,470.00, 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 Berkeley Heights, 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.
Berkeley Heights is located in Union, New Jersey, with an estimated municipal population of 13,310 residents. All of the best foreclosed homes for sale in Berkeley Heights are located in the following zip code areas on Foreclosure.com: 07922 07974 07091. The estimated population per square kilometer (.62 miles) in Berkeley Heights is 826.
So, about how much do homes cost in Berkeley Heights? The most recent median value of resident-owned homes in Berkeley Heights is 615,851. An estimated 94.9 percent of households in Berkeley Heights own their homes, with an average family size of 3.25. The median household income in Berkeley Heights is 183,056, with70.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Berkeley Heights, the median commute time of resident workers (in minutes) is 34.8. And last, but certainly not least, are you looking for homes to rent in Berkeley Heights? If so, the average rent price paid by renters in Berkeley Heights is 2,664, 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 Berkeley Heights, 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 Berkeley Heights is 44.2, split between 47.7 percent male versus 52.3 female. The percentage of residents who report being married in Berkeley Heights is 63.3, with an average family size of 3.25.
The percentage of residents who report their race in Berkeley Heights is as follows:
| White | 82.5% |
| Black / African American | 1.7% |
| Asian | 13.4% |
| American Indian / Alaskan Native | 0.2% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 2% |
| Other | 0.3% |
Looking for family-friendly neighborhoods in and/or near Berkeley Heights? Or maybe you are searching for 55+ active adult communities in and/or near Berkeley Heights?
The percentage of residents who report their age in Berkeley Heights is as follows:
| Under 10 | 12.4% |
| Aged 10-19 | 13.2% |
| 20s | 9.4% |
| 30s | 8.9% |
| 40s | 14.9% |
| 50s | 15.9% |
| 60s | 12.6% |
| 70s | 7.3% |
| 80+ | 5.3% |
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 Berkeley Heights with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Berkeley Heights.
How do you know that living in -- or moving to -- Berkeley Heights is right where you need to be? Perhaps you grew up in Berkeley Heights or already live nearby; therefore, the decision to buy a home in Berkeley Heights is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Berkeley Heights 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 Berkeley Heights:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Berkeley Heights.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Berkeley Heights can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Berkeley Heights, meanwhile, can field multiple offers from more qualified buyers.
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