Bankruptcy Homes in West Milford, NJ

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Home Value Estimator For West Milford, NJ

There are currently 5,952 real estate properties in West Milford, NJ, with a median automated valuation model (AVM) price of $427,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in West Milford, 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 West Milford, NJ, is $449,210.00, with the most expensive house in West Milford, NJ, topping out at $15,932,000.00 and the cheapest home in West Milford, NJ, clocking in at $59,852.00. In other words, there’s something for every potential homebuyer or savvy investor in West Milford, NJ!

Rent Prices In West Milford, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in West Milford, NJ, is on a rollercoaster ride. The average rent price in West Milford, NJ, is $1,853.00. Indeed, when looking to rent in West Milford, NJ, you can expect to pay as little as $1,090.00 or as much as $4,180.00, with the average rent median estimated to be $1,850.00. The good news is that finding an affordable and desirable property to rent in West Milford, 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.

Top Reasons To Live In West Milford, NJ In 2024

West Milford is located in Passaic, New Jersey, with an estimated municipal population of 26,404 residents. All of the best foreclosed homes for sale in West Milford are located in the following zip code areas on 07480 07435 07438 07460 07421. The estimated population per square kilometer (.62 miles) in West Milford is 134.

Cost Of Living In West Milford, NJ

So, about how much do homes cost in West Milford? The most recent median value of resident-owned homes in West Milford is 285,931. An estimated 89.9 percent of households in West Milford own their homes, with an average family size of 3.21. The median household income in West Milford is 100,461, with50.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in West Milford, the median commute time of resident workers (in minutes) is 40.8. And last, but certainly not least, are you looking for homes to rent in West Milford? If so, the average rent price paid by renters in West Milford is 1,603, according to recent statistics.

Diversity And Demographics In West Milford, 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 West Milford, 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 West Milford is 44.6, split between 49.2 percent male versus 50.8 female. The percentage of residents who report being married in West Milford is 56.6, with an average family size of 3.21.

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

White 92.3%
Black / African American 1.4%
Asian 2%
American Indian / Alaskan Native 1.1%
Native Hawaiian / Other Pacifc Islander 0.2%
Multi-racial 1.6%
Other 1.3%

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

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

Under 10 9.7%
Aged 10-19 14.4%
20s 10.4%
30s 10.6%
40s 12.8%
50s 18.2%
60s 14.6%
70s 6.6%
80+ 2.7%

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

Pros And Cons Of Living In West Milford, New Jersey

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

  • 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 West Milford.

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

West Milford, NJ Bankruptcy Homes


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