Short Sale Listings in Long Branch, NJ

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Home Value Estimator For Long Branch, NJ

There are currently 8,688 real estate properties in Long Branch, NJ, with a median automated valuation model (AVM) price of $664,750.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Long Branch, 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 Long Branch, NJ, is $832,350.00, with the most expensive house in Long Branch, NJ, topping out at $12,949,700.00 and the cheapest home in Long Branch, NJ, clocking in at $21,472.00. In other words, there’s something for every potential homebuyer or savvy investor in Long Branch, NJ!

Rent Prices In Long Branch, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Long Branch, NJ, is on a rollercoaster ride. The average rent price in Long Branch, NJ, is $2,306.00. Indeed, when looking to rent in Long Branch, NJ, you can expect to pay as little as $1,110.00 or as much as $4,920.00, with the average rent median estimated to be $2,210.00. The good news is that finding an affordable and desirable property to rent in Long Branch, 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 Long Branch, NJ In 2024

Long Branch is located in Monmouth, New Jersey, with an estimated municipal population of 30,241 residents. All of the best foreclosed homes for sale in Long Branch are located in the following zip code areas on 07740. The estimated population per square kilometer (.62 miles) in Long Branch is 2,278.

Cost Of Living In Long Branch, NJ

So, about how much do homes cost in Long Branch? The most recent median value of resident-owned homes in Long Branch is 370,614. An estimated 41.7 percent of households in Long Branch own their homes, with an average family size of 3.17. The median household income in Long Branch is 59,892, with26.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Long Branch, the median commute time of resident workers (in minutes) is 29.3. And last, but certainly not least, are you looking for homes to rent in Long Branch? If so, the average rent price paid by renters in Long Branch is 1,311, according to recent statistics.

Diversity And Demographics In Long Branch, 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 Long Branch, 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 Long Branch is 36.9, split between 49.7 percent male versus 50.3 female. The percentage of residents who report being married in Long Branch is 41.4, with an average family size of 3.17.

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

White 67%
Black / African American 16%
Asian 1.5%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.6%
Other 12.8%

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

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

Under 10 13.9%
Aged 10-19 10.3%
20s 15.4%
30s 15.1%
40s 10.9%
50s 13.3%
60s 11.9%
70s 6.2%
80+ 3.1%

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

Pros And Cons Of Living In Long Branch, New Jersey

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

  • 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 Long Branch.

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

Long Branch, NJ Short Sale Listings


Listing types in Long Branch, NJ

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