There are currently 8,800 real estate properties in East Orange, NJ, with a median automated valuation model (AVM) price of $315,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in East Orange, 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 East Orange, NJ, is $315,024.00, with the most expensive house in East Orange, NJ, topping out at $25,773,200.00 and the cheapest home in East Orange, NJ, clocking in at $11,500.00. In other words, there’s something for every potential homebuyer or savvy investor in East Orange, NJ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in East Orange, NJ, is on a rollercoaster ride. The average rent price in East Orange, NJ, is $1,690.00. Indeed, when looking to rent in East Orange, NJ, you can expect to pay as little as $950.00 or as much as $3,580.00, with the average rent median estimated to be $1,630.00. The good news is that finding an affordable and desirable property to rent in East Orange, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the East Orange, NJ area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in East Orange, NJ and much more. Save thousands at closing with home foreclosure listings in East Orange, NJ — up to 75% off market value!
East Orange is located in Essex, New Jersey, with an estimated municipal population of 64,367 residents. All of the best foreclosed homes for sale in East Orange are located in the following zip code areas on Foreclosure.com: 07018 07017 07019. The estimated population per square kilometer (.62 miles) in East Orange is 6,327.
So, about how much do homes cost in East Orange? The most recent median value of resident-owned homes in East Orange is 218,499. An estimated 25.6 percent of households in East Orange own their homes, with an average family size of 3.59. The median household income in East Orange is 48,072, with19.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in East Orange, 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 East Orange? If so, the average rent price paid by renters in East Orange is 1,114, 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 East Orange, 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 East Orange is 35.1, split between 46.6 percent male versus 53.4 female. The percentage of residents who report being married in East Orange is 25.9, with an average family size of 3.59.
The percentage of residents who report their race in East Orange is as follows:
|Black / African American||84.6%|
|American Indian / Alaskan Native||0.5%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near East Orange? Or maybe you are searching for 55+ active adult communities in and/or near East Orange?
The percentage of residents who report their age in East Orange is as follows:
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 East Orange with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in East Orange.
How do you know that living in -- or moving to -- East Orange is right where you need to be? Perhaps you grew up in East Orange or already live nearby; therefore, the decision to buy a home in East Orange is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to East Orange 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 East Orange:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like East Orange.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in East Orange can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in East Orange, meanwhile, can field multiple offers from more qualified buyers.