Short Sale Listings in Netcong, NJ

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5 View this home at Koclas Dr Netcong NJ 07857
$365,000 EMV
Koclas Dr
Netcong, NJ 07857
5 |
EST. RENT: $2,090
AUCTION: 05-23-2024
5 |
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Home Value Estimator For Netcong, NJ

There are currently 831 real estate properties in Netcong, NJ, with a median automated valuation model (AVM) price of $395,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Netcong, 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 Netcong, NJ, is $402,440.00, with the most expensive house in Netcong, NJ, topping out at $1,001,200.00 and the cheapest home in Netcong, NJ, clocking in at $172,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Netcong, NJ!

Rent Prices In Netcong, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Netcong, NJ, is on a rollercoaster ride. The average rent price in Netcong, NJ, is $1,758.00. Indeed, when looking to rent in Netcong, NJ, you can expect to pay as little as $1,220.00 or as much as $3,500.00, with the average rent median estimated to be $1,720.00. The good news is that finding an affordable and desirable property to rent in Netcong, 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 Netcong, NJ In 2024

Netcong is located in Morris, New Jersey, with an estimated municipal population of 3,131 residents. All of the best foreclosed homes for sale in Netcong are located in the following zip code areas on 07857. The estimated population per square kilometer (.62 miles) in Netcong is 1,451.

Cost Of Living In Netcong, NJ

So, about how much do homes cost in Netcong? The most recent median value of resident-owned homes in Netcong is 274,009. An estimated 47 percent of households in Netcong own their homes, with an average family size of 2.98. The median household income in Netcong is 69,375, with31.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Netcong, the median commute time of resident workers (in minutes) is 26.2. And last, but certainly not least, are you looking for homes to rent in Netcong? If so, the average rent price paid by renters in Netcong is 1,166, according to recent statistics.

Diversity And Demographics In Netcong, 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 Netcong, 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 Netcong is 44.5, split between 47.3 percent male versus 52.7 female. The percentage of residents who report being married in Netcong is 38.1, with an average family size of 2.98.

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

White 89%
Black / African American 7.1%
Asian 1.7%
American Indian / Alaskan Native 0.8%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1%
Other 0.3%

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

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

Under 10 7.8%
Aged 10-19 9.2%
20s 18.6%
30s 10.4%
40s 12.8%
50s 18.6%
60s 14%
70s 5.1%
80+ 3.6%

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

Pros And Cons Of Living In Netcong, New Jersey

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

  • 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 Netcong.

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

Netcong, NJ Short Sale Listings


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