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Top Reasons To Live In Spring Lake, NJ In 2024

Spring Lake is located in Monmouth, New Jersey, with an estimated municipal population of 2,904 residents. All of the best foreclosed homes for sale in Spring Lake are located in the following zip code areas on Foreclosure.com: 07762. The estimated population per square kilometer (.62 miles) in Spring Lake is 841.


Cost Of Living In Spring Lake, NJ

So, about how much do homes cost in Spring Lake? The most recent median value of resident-owned homes in Spring Lake is 1,821,147. An estimated 78.9 percent of households in Spring Lake own their homes, with an average family size of 2.77. The median household income in Spring Lake is 86,200, with44.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Spring Lake, the median commute time of resident workers (in minutes) is 42.8. And last, but certainly not least, are you looking for homes to rent in Spring Lake? If so, the average rent price paid by renters in Spring Lake is 2,068, according to recent statistics.


Diversity And Demographics In Spring Lake, 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 Spring Lake, 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 Spring Lake is 60, split between 51 percent male versus 49 female. The percentage of residents who report being married in Spring Lake is 61.9, with an average family size of 2.77.

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

White 96.4%
Black / African American 0%
Asian 3.3%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0.3%

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

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

Under 10 8%
Aged 10-19 8.5%
20s 6.4%
30s 4.6%
40s 7%
50s 15.6%
60s 18.1%
70s 20.6%
80+ 11.3%

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


Pros And Cons Of Living In Spring Lake, New Jersey

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

  • 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 Spring Lake.


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

Spring Lake, NJ Land Foreclosures


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