Rent To Own Homes in Pompton Lakes, NJ

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View this home at Pierson Miller Dr Apt C21 Pompton Lakes NJ 07442
$176,000 EMV
Pierson Miller Dr Apt C21
Pompton Lakes, NJ 07442
EST. RENT: $1,670
AUCTION: 05-14-2024
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Home Value Estimator For Pompton Lakes, NJ

There are currently 4,009 real estate properties in Pompton Lakes, NJ, with a median automated valuation model (AVM) price of $464,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pompton Lakes, 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 Pompton Lakes, NJ, is $465,402.00, with the most expensive house in Pompton Lakes, NJ, topping out at $9,075,600.00 and the cheapest home in Pompton Lakes, NJ, clocking in at $127,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Pompton Lakes, NJ!

Rent Prices In Pompton Lakes, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pompton Lakes, NJ, is on a rollercoaster ride. The average rent price in Pompton Lakes, NJ, is $1,930.00. Indeed, when looking to rent in Pompton Lakes, NJ, you can expect to pay as little as $1,220.00 or as much as $4,080.00, with the average rent median estimated to be $1,900.00. The good news is that finding an affordable and desirable property to rent in Pompton Lakes, 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 Pompton Lakes, NJ In 2024

Pompton Lakes is located in Passaic, New Jersey, with an estimated municipal population of 10,986 residents. All of the best foreclosed homes for sale in Pompton Lakes are located in the following zip code areas on 07442. The estimated population per square kilometer (.62 miles) in Pompton Lakes is 1,469.

Cost Of Living In Pompton Lakes, NJ

So, about how much do homes cost in Pompton Lakes? The most recent median value of resident-owned homes in Pompton Lakes is 302,310. An estimated 73.7 percent of households in Pompton Lakes own their homes, with an average family size of 3.32. The median household income in Pompton Lakes is 102,371, with51.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Pompton Lakes, the median commute time of resident workers (in minutes) is 29.9. And last, but certainly not least, are you looking for homes to rent in Pompton Lakes? If so, the average rent price paid by renters in Pompton Lakes is 1,536, according to recent statistics.

Diversity And Demographics In Pompton Lakes, 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 Pompton Lakes, 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 Pompton Lakes is 40.4, split between 50.3 percent male versus 49.7 female. The percentage of residents who report being married in Pompton Lakes is 51.4, with an average family size of 3.32.

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

White 85.9%
Black / African American 1.7%
Asian 6.1%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.2%
Other 4%

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

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

Under 10 9.8%
Aged 10-19 11%
20s 14.9%
30s 13.7%
40s 14.4%
50s 15.1%
60s 12.1%
70s 5.5%
80+ 3.5%

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

Pros And Cons Of Living In Pompton Lakes, New Jersey

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

  • 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 Pompton Lakes.

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

Pompton Lakes, NJ Rent To Own Homes


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