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Multi-family Homes in Randolph, NJ

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Top Reasons To Live In Randolph, NJ In 2024

Randolph is located in Morris, New Jersey, with an estimated municipal population of 25,549 residents. All of the best foreclosed homes for sale in Randolph are located in the following zip code areas on Foreclosure.com: 07869 07802 07845. The estimated population per square kilometer (.62 miles) in Randolph is 471.


Cost Of Living In Randolph, NJ

So, about how much do homes cost in Randolph? The most recent median value of resident-owned homes in Randolph is 539,127. An estimated 75 percent of households in Randolph own their homes, with an average family size of 3.21. The median household income in Randolph is 142,459, with64.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Randolph, the median commute time of resident workers (in minutes) is 36. And last, but certainly not least, are you looking for homes to rent in Randolph? If so, the average rent price paid by renters in Randolph is 1,456, according to recent statistics.


Diversity And Demographics In Randolph, 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 Randolph, 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 Randolph is 41.9, split between 49.3 percent male versus 50.7 female. The percentage of residents who report being married in Randolph is 62.9, with an average family size of 3.21.

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

White 80%
Black / African American 4%
Asian 12.2%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.1%
Other 1.7%

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

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

Under 10 10.5%
Aged 10-19 16.5%
20s 8.5%
30s 11.3%
40s 15.2%
50s 18.5%
60s 11.5%
70s 5.1%
80+ 3%

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


Pros And Cons Of Living In Randolph, New Jersey

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

  • 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 Randolph.


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

Randolph, NJ Multi-family Homes Foreclosures


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