Commercial is located in Cumberland, New Jersey, with an estimated municipal population of 4,979 residents. All of the best foreclosed homes for sale in Commercial are located in the following zip code areas on Foreclosure.com: 08329 08349 08332. The estimated population per square kilometer (.62 miles) in Commercial is 60.
So, about how much do homes cost in Commercial? The most recent median value of resident-owned homes in Commercial is 116,244. An estimated 68.7 percent of households in Commercial own their homes, with an average family size of 3.09. The median household income in Commercial is 44,856, with13.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Commercial, the median commute time of resident workers (in minutes) is 27. And last, but certainly not least, are you looking for homes to rent in Commercial? If so, the average rent price paid by renters in Commercial is 1,250, 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 Commercial, 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 Commercial is 38.3, split between 47 percent male versus 53 female. The percentage of residents who report being married in Commercial is 33.8, with an average family size of 3.09.
The percentage of residents who report their race in Commercial is as follows:
White | 85.8% |
Black / African American | 5% |
Asian | 1.3% |
American Indian / Alaskan Native | 0.7% |
Native Hawaiian / Other Pacifc Islander | 0% |
Multi-racial | 6.4% |
Other | 0.8% |
Looking for family-friendly neighborhoods in and/or near Commercial? Or maybe you are searching for 55+ active adult communities in and/or near Commercial?
The percentage of residents who report their age in Commercial is as follows:
Under 10 | 13.6% |
Aged 10-19 | 12.7% |
20s | 10.6% |
30s | 16.4% |
40s | 9.9% |
50s | 15.1% |
60s | 12.9% |
70s | 5.7% |
80+ | 3.1% |
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 Commercial with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Commercial.
How do you know that living in -- or moving to -- Commercial is right where you need to be? Perhaps you grew up in Commercial or already live nearby; therefore, the decision to buy a home in Commercial is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Commercial 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 Commercial:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Commercial.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Commercial can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Commercial, meanwhile, can field multiple offers from more qualified buyers.
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