There are currently 3,939 real estate properties in SOMERS POINT, NJ, with a median automated valuation model (AVM) price of $356,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in SOMERS POINT, 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 SOMERS POINT, NJ, is $384,676.00, with the most expensive house in SOMERS POINT, NJ, topping out at $3,700,000.00 and the cheapest home in SOMERS POINT, NJ, clocking in at $57,400.00. In other words, there’s something for every potential homebuyer or savvy investor in SOMERS POINT, NJ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in SOMERS POINT, NJ, is on a rollercoaster ride. The average rent price in SOMERS POINT, NJ, is $1,623.00. Indeed, when looking to rent in SOMERS POINT, NJ, you can expect to pay as little as $830.00 or as much as $2,940.00, with the average rent median estimated to be $1,600.00. The good news is that finding an affordable and desirable property to rent in SOMERS POINT, 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.
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