There are currently 1,411 real estate properties in Rio Grande, NJ, with a median automated valuation model (AVM) price of $360,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rio Grande, 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 Rio Grande, NJ, is $381,070.00, with the most expensive house in Rio Grande, NJ, topping out at $3,963,644.00 and the cheapest home in Rio Grande, NJ, clocking in at $59,236.00. In other words, there’s something for every potential homebuyer or savvy investor in Rio Grande, NJ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rio Grande, NJ, is on a rollercoaster ride. The average rent price in Rio Grande, NJ, is $1,399.00. Indeed, when looking to rent in Rio Grande, NJ, you can expect to pay as little as $830.00 or as much as $2,470.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Rio Grande, 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.
Rio Grande is located in Cape May, New Jersey, with an estimated municipal population of 2,834 residents. All of the best foreclosed homes for sale in Rio Grande are located in the following zip code areas on Foreclosure.com: 08242. The estimated population per square kilometer (.62 miles) in Rio Grande is 438.
So, about how much do homes cost in Rio Grande? The most recent median value of resident-owned homes in Rio Grande is 265,417. An estimated 73.3 percent of households in Rio Grande own their homes, with an average family size of 2.91. The median household income in Rio Grande is 66,544, with15.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Rio Grande, the median commute time of resident workers (in minutes) is 21.7. And last, but certainly not least, are you looking for homes to rent in Rio Grande? If so, the average rent price paid by renters in Rio Grande is 1,111, 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 Rio Grande, 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 Rio Grande is 41.9, split between 45.1 percent male versus 54.9 female. The percentage of residents who report being married in Rio Grande is 61.6, with an average family size of 2.91.
The percentage of residents who report their race in Rio Grande is as follows:
| White | 96.8% |
| Black / African American | 0.9% |
| Asian | 1.1% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0.2% |
| Other | 1% |
Looking for family-friendly neighborhoods in and/or near Rio Grande? Or maybe you are searching for 55+ active adult communities in and/or near Rio Grande?
The percentage of residents who report their age in Rio Grande is as follows:
| Under 10 | 9.7% |
| Aged 10-19 | 15.4% |
| 20s | 12% |
| 30s | 8.6% |
| 40s | 11.7% |
| 50s | 9.7% |
| 60s | 15.2% |
| 70s | 12.6% |
| 80+ | 5.2% |
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 Rio Grande with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Rio Grande.
How do you know that living in -- or moving to -- Rio Grande is right where you need to be? Perhaps you grew up in Rio Grande or already live nearby; therefore, the decision to buy a home in Rio Grande is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Rio Grande 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 Rio Grande:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Rio Grande.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Rio Grande can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Rio Grande, meanwhile, can field multiple offers from more qualified buyers.
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