There are currently 1,820 real estate properties in Ship Bottom, NJ, with a median automated valuation model (AVM) price of $1,045,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ship Bottom, 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 Ship Bottom, NJ, is $1,174,737.00, with the most expensive house in Ship Bottom, NJ, topping out at $6,381,693.00 and the cheapest home in Ship Bottom, NJ, clocking in at $72,948.00. In other words, there’s something for every potential homebuyer or savvy investor in Ship Bottom, NJ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ship Bottom, NJ, is on a rollercoaster ride. The average rent price in Ship Bottom, NJ, is $2,293.00. Indeed, when looking to rent in Ship Bottom, NJ, you can expect to pay as little as $1,030.00 or as much as $4,480.00, with the average rent median estimated to be $2,280.00. The good news is that finding an affordable and desirable property to rent in Ship Bottom, 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.
Ship Bottom is located in Ocean, New Jersey, with an estimated municipal population of 1,153 residents. All of the best foreclosed homes for sale in Ship Bottom are located in the following zip code areas on Foreclosure.com: 08008. The estimated population per square kilometer (.62 miles) in Ship Bottom is 625.
So, about how much do homes cost in Ship Bottom? The most recent median value of resident-owned homes in Ship Bottom is 665,806. An estimated 89.1 percent of households in Ship Bottom own their homes, with an average family size of 2.5. The median household income in Ship Bottom is 84,205, with43.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Ship Bottom, the median commute time of resident workers (in minutes) is 40.7. And last, but certainly not least, are you looking for homes to rent in Ship Bottom? If so, the average rent price paid by renters in Ship Bottom is 1,131, 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 Ship Bottom, 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 Ship Bottom is 61.6, split between 46.6 percent male versus 53.4 female. The percentage of residents who report being married in Ship Bottom is 66.7, with an average family size of 2.5.
The percentage of residents who report their race in Ship Bottom is as follows:
|Black / African American
|American Indian / Alaskan Native
|Native Hawaiian / Other Pacifc Islander
Looking for family-friendly neighborhoods in and/or near Ship Bottom? Or maybe you are searching for 55+ active adult communities in and/or near Ship Bottom?
The percentage of residents who report their age in Ship Bottom is as follows:
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 Ship Bottom with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Ship Bottom.
How do you know that living in -- or moving to -- Ship Bottom is right where you need to be? Perhaps you grew up in Ship Bottom or already live nearby; therefore, the decision to buy a home in Ship Bottom is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Ship Bottom 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 Ship Bottom:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Ship Bottom.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Ship Bottom can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Ship Bottom, meanwhile, can field multiple offers from more qualified buyers.
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