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Cheap Homes in Hackensack, NJ 07601

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Hackensack, NJ Foreclosures

How much do homes sell for in Hackensack, NJ?
The average home price is currently $539,417.
What’s the average rental cost in Hackensack, NJ?
The average rental price in Hackensack is $2,001.
What is the most expensive home in Hackensack?
The most expensive home sold in Hackensack had a price of $48,030,380.
What is currently the cheapest priced home in Hackensack, NJ?
The cheapest home for sale in Hackensack is priced at $11,625.

Living in Hackensack, NJ

Hackensack, NJ is a thriving city with a rich blend of cultural diversity and community spirit. With numerous shopping and dining options, parks, and excellent public transportation, it’s an ideal place for families and professionals alike. Its proximity to New York City makes it a convenient location for commuters seeking a suburban lifestyle.

Current Market Conditions in Hackensack, NJ

The real estate market in Hackensack is currently experiencing a moderate upswing, with an influx of buyers drawn by its affordability compared to neighboring cities. Demand for housing has led to a steady increase in home prices, making it a particularly attractive option for first-time homebuyers and young families looking to settle down in an accessible area.

Vacancy rates have decreased as new developments and renovations of older properties attract residents. The ongoing transformation in parts of the city, particularly near the riverfront, is enhancing the desirability of the area, making it a prime target for investors.

Home Value Estimator For Hackensack, NJ

There are currently 8,905 real estate properties in Hackensack, NJ, with a median automated valuation model (AVM) price of $478,605.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hackensack, 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 Hackensack, NJ, is $539,417.00, with the most expensive house in Hackensack, NJ, topping out at $48,030,380.00 and the cheapest home in Hackensack, NJ, clocking in at $11,625.00. In other words, there’s something for every potential homebuyer or savvy investor in Hackensack, NJ!

Rent Prices In Hackensack, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hackensack, NJ, is on a rollercoaster ride. The average rent price in Hackensack, NJ, is $2,001.00. Indeed, when looking to rent in Hackensack, NJ, you can expect to pay as little as $1,390.00 or as much as $5,000.00, with the average rent median estimated to be $1,920.00. The good news is that finding an affordable and desirable property to rent in Hackensack, 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.

Cheap Homes in Hackensack, NJ 07601

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