There are currently 1,470 real estate properties in Woodstown, NJ, with a median automated valuation model (AVM) price of $294,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Woodstown, 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 Woodstown, NJ, is $310,031.00, with the most expensive house in Woodstown, NJ, topping out at $1,322,500.00 and the cheapest home in Woodstown, NJ, clocking in at $24,020.00. In other words, there’s something for every potential homebuyer or savvy investor in Woodstown, NJ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Woodstown, NJ, is on a rollercoaster ride. The average rent price in Woodstown, NJ, is $1,414.00. Indeed, when looking to rent in Woodstown, NJ, you can expect to pay as little as $900.00 or as much as $2,680.00, 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 Woodstown, 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.
Woodstown is located in Salem, New Jersey, with an estimated municipal population of 3,436 residents. All of the best foreclosed homes for sale in Woodstown are located in the following zip code areas on Foreclosure.com: 08098. The estimated population per square kilometer (.62 miles) in Woodstown is 842.
So, about how much do homes cost in Woodstown? The most recent median value of resident-owned homes in Woodstown is 251,944. An estimated 53.7 percent of households in Woodstown own their homes, with an average family size of 3.43. The median household income in Woodstown is 77,083, with39.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Woodstown, the median commute time of resident workers (in minutes) is 28. And last, but certainly not least, are you looking for homes to rent in Woodstown? If so, the average rent price paid by renters in Woodstown is 984, 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 Woodstown, 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 Woodstown is 42.7, split between 46.5 percent male versus 53.5 female. The percentage of residents who report being married in Woodstown is 45.3, with an average family size of 3.43.
The percentage of residents who report their race in Woodstown is as follows:
White | 88.7% |
Black / African American | 3.7% |
Asian | 0.2% |
American Indian / Alaskan Native | 0% |
Native Hawaiian / Other Pacifc Islander | 0% |
Multi-racial | 7.2% |
Other | 0.2% |
Looking for family-friendly neighborhoods in and/or near Woodstown? Or maybe you are searching for 55+ active adult communities in and/or near Woodstown?
The percentage of residents who report their age in Woodstown is as follows:
Under 10 | 6.9% |
Aged 10-19 | 19.8% |
20s | 13.7% |
30s | 7.1% |
40s | 17.7% |
50s | 14.5% |
60s | 9.6% |
70s | 5.2% |
80+ | 5.8% |
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 Woodstown with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Woodstown.
How do you know that living in -- or moving to -- Woodstown is right where you need to be? Perhaps you grew up in Woodstown or already live nearby; therefore, the decision to buy a home in Woodstown is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Woodstown 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 Woodstown:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Woodstown.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Woodstown can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Woodstown, meanwhile, can field multiple offers from more qualified buyers.
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