Mount Olive is located in Morris, New Jersey, with an estimated municipal population of 28,915 residents. All of the best foreclosed homes for sale in Mount Olive are located in the following zip code areas on Foreclosure.com: 07840 07828 07836. The estimated population per square kilometer (.62 miles) in Mount Olive is 376.
So, about how much do homes cost in Mount Olive? The most recent median value of resident-owned homes in Mount Olive is 367,193. An estimated 58.2 percent of households in Mount Olive own their homes, with an average family size of 3.2. The median household income in Mount Olive is 88,073, with44.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mount Olive, the median commute time of resident workers (in minutes) is 33.7. And last, but certainly not least, are you looking for homes to rent in Mount Olive? If so, the average rent price paid by renters in Mount Olive is 1,302, 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 Mount Olive, 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 Mount Olive is 38.6, split between 50.4 percent male versus 49.6 female. The percentage of residents who report being married in Mount Olive is 52.4, with an average family size of 3.2.
The percentage of residents who report their race in Mount Olive is as follows:
| White | 81.3% |
| Black / African American | 6.8% |
| Asian | 8.2% |
| American Indian / Alaskan Native | 0.3% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 2.1% |
| Other | 1.3% |
Looking for family-friendly neighborhoods in and/or near Mount Olive? Or maybe you are searching for 55+ active adult communities in and/or near Mount Olive?
The percentage of residents who report their age in Mount Olive is as follows:
| Under 10 | 11.3% |
| Aged 10-19 | 14.8% |
| 20s | 12.3% |
| 30s | 13.9% |
| 40s | 14.7% |
| 50s | 15.1% |
| 60s | 9.7% |
| 70s | 5.4% |
| 80+ | 2.5% |
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 Mount Olive with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Mount Olive.
How do you know that living in -- or moving to -- Mount Olive is right where you need to be? Perhaps you grew up in Mount Olive or already live nearby; therefore, the decision to buy a home in Mount Olive is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Mount Olive 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 Mount Olive:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Mount Olive.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Mount Olive can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Mount Olive, meanwhile, can field multiple offers from more qualified buyers.
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