There are currently 3,728 real estate properties in Monmouth Junction, NJ, with a median automated valuation model (AVM) price of $441,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Monmouth Junction, 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 Monmouth Junction, NJ, is $477,825.00, with the most expensive house in Monmouth Junction, NJ, topping out at $3,768,500.00 and the cheapest home in Monmouth Junction, NJ, clocking in at $143,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Monmouth Junction, NJ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monmouth Junction, NJ, is on a rollercoaster ride. The average rent price in Monmouth Junction, NJ, is $2,545.00. Indeed, when looking to rent in Monmouth Junction, NJ, you can expect to pay as little as $1,160.00 or as much as $6,100.00, with the average rent median estimated to be $2,410.00. The good news is that finding an affordable and desirable property to rent in Monmouth Junction, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Monmouth Junction, NJ area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Monmouth Junction, NJ and much more. Save thousands at closing with home foreclosure listings in Monmouth Junction, NJ — up to 75% off market value!
Monmouth Junction is located in Middlesex, New Jersey, with an estimated municipal population of 2,906 residents. All of the best foreclosed homes for sale in Monmouth Junction are located in the following zip code areas on Foreclosure.com: 08852. The estimated population per square kilometer (.62 miles) in Monmouth Junction is 750.
So, about how much do homes cost in Monmouth Junction? The most recent median value of resident-owned homes in Monmouth Junction is 433,672. An estimated 92.7 percent of households in Monmouth Junction own their homes, with an average family size of 3.46. The median household income in Monmouth Junction is 150,500, with72.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Monmouth Junction, the median commute time of resident workers (in minutes) is 39.9. And last, but certainly not least, are you looking for homes to rent in Monmouth Junction? If so, the average rent price paid by renters in Monmouth Junction is 2,356, 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 Monmouth Junction, 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 Monmouth Junction is 39.3, split between 57 percent male versus 43 female. The percentage of residents who report being married in Monmouth Junction is 74.4, with an average family size of 3.46.
The percentage of residents who report their race in Monmouth Junction is as follows:
|Black / African American||2.4%|
|American Indian / Alaskan Native||0.6%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Monmouth Junction? Or maybe you are searching for 55+ active adult communities in and/or near Monmouth Junction?
The percentage of residents who report their age in Monmouth Junction is as follows:
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 Monmouth Junction with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Monmouth Junction.
How do you know that living in -- or moving to -- Monmouth Junction is right where you need to be? Perhaps you grew up in Monmouth Junction or already live nearby; therefore, the decision to buy a home in Monmouth Junction is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Monmouth Junction 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 Monmouth Junction:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Monmouth Junction.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Monmouth Junction can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Monmouth Junction, meanwhile, can field multiple offers from more qualified buyers.