Living in Island Heights, NJ
Island Heights, NJ is a picturesque community along the Toms River, known for its historic charm and vibrant community life. Perfect for families and retirees, the area offers a variety of outdoor activities and local amenities. Investors will find a thriving market for either rental properties or vacation homes, given its proximity to the beach and recreational facilities.
Current Market Conditions in Island Heights, NJ
The real estate market in Island Heights has seen steady growth, with property values appreciating year over year. This trend is bolstered by the area's desirability due to its scenic beauty, recreational offerings, and strong community ties. As demand for homes continues to rise, investors can expect favorable returns on their investments.
Current trends indicate a healthy balance between supply and demand, with homes in Island Heights attracting a mix of buyers, including families, retirees, and vacation home seekers. The competitive nature of the market is likely to sustain its upward momentum, making it an ideal location for real estate investment.
Home Value Estimator For Island Heights, NJ
There are currently 834 real estate properties
in Island Heights, NJ,
with a median automated valuation model (AVM) price
of $584,865.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Island Heights, 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 Island Heights, NJ,
is $675,374.00, with the most expensive house
in Island Heights, NJ, topping out
at $4,574,400.00 and the cheapest home
in Island Heights, NJ,
clocking in at $159,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Island Heights, NJ!
Rent Prices
In Island Heights, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Island Heights, NJ, is on
a rollercoaster ride. The
average rent price in Island Heights, NJ,
is $2,728.00. Indeed, when looking to rent in
Island Heights, NJ, you can expect to pay as little
as $1,400.00 or as much
as $4,110.00,
with the average rent median estimated to
be $2,800.00. The good news is that finding
an affordable and desirable property to rent in Island Heights, 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.