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Preforeclosure Homes in Alloway, NJ 08079

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Living in Alloway, NJ

Alloway, NJ, is a quaint rural town in Salem County characterized by its idyllic landscapes and tight-knit community. The area offers a peaceful living environment rich in agricultural roots and plenty of outdoor recreational opportunities. Its proximity to larger cities provides the perfect balance of tranquility and convenience.

Current Market Conditions in Alloway, NJ

The Alloway real estate market is stable, characterized by low inventory and rising demand for single-family homes. The charm of the rural lifestyle continues to attract homebuyers, particularly families and retirees seeking a quieter environment than the urban centers.

Currently, home prices in Alloway are on the rise, with a strong interest in properties that highlight the area's natural beauty and rural charm. The demand for homes with larger plots of land is increasing as buyers look for space and privacy.

Home Value Estimator For Alloway, NJ

There are currently 391 real estate properties in Alloway, NJ, with a median automated valuation model (AVM) price of $255,627.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Alloway, 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 Alloway, NJ, is $269,166.00, with the most expensive house in Alloway, NJ, topping out at $1,100,000.00 and the cheapest home in Alloway, NJ, clocking in at $29,739.00. In other words, there’s something for every potential homebuyer or savvy investor in Alloway, NJ!

Rent Prices In Alloway, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Alloway, NJ, is on a rollercoaster ride. The average rent price in Alloway, NJ, is $1,571.00. Indeed, when looking to rent in Alloway, NJ, you can expect to pay as little as $980.00 or as much as $2,440.00, with the average rent median estimated to be $1,550.00. The good news is that finding an affordable and desirable property to rent in Alloway, 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.

Alloway, NJ 08079 Preforeclosure Homes


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