Foreclosure Homes in Garfield, NJ 07026

Current Market Conditions in Garfield, NJ

The current real estate market in Garfield, NJ is characterized by a steady demand for housing, with median prices showing a moderate increase over the past few years. Many buyers are attracted to the area due to its affordability compared to nearby cities, making it a popular choice for first-time homebuyers and families.

Investors are increasingly seeing Garfield as a promising location for rental properties, given the demand from individuals commuting to New York City and the city's growing population. The local government is also implementing initiatives to enhance community infrastructure, further boosting investor confidence.

Rent Prices In Garfield, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Garfield, NJ, is on a rollercoaster ride. The average rent price in Garfield, NJ, is $2,001.00. Indeed, when looking to rent in Garfield, NJ, you can expect to pay as little as $1,060.00 or as much as $4,210.00, with the average rent median estimated to be $1,940.00. The good news is that finding an affordable and desirable property to rent in Garfield, 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.