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Rent To Own Homes in Morris Plains, NJ

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Morris Plains, NJ Foreclosures

How much do homes sell for in Morris Plains, NJ?
The average home price is currently $707,067.
In Morris Plains, NJ, how many homes are available?
There are currently 21 active home listings available in Morris Plains.
What’s the average rental cost in Morris Plains, NJ?
The average rental price in Morris Plains is $2,660.
What is the most expensive home in Morris Plains?
The most expensive home sold in Morris Plains had a price of $58,466,164.
What is currently the cheapest priced home in Morris Plains, NJ?
The cheapest home for sale in Morris Plains is priced at $59,453.

Living in Morris Plains, NJ

Morris Plains is a picturesque town in New Jersey, characterized by its historic charm and friendly community ties. With well-rated schools and a variety of local amenities, it's an ideal place for families and professionals alike. Residents enjoy access to excellent parks and recreational activities while being conveniently close to larger urban areas.

Current Market Conditions in Morris Plains, NJ

Morris Plains features a stable real estate market, with a diverse range of housing options suitable for various budgets. Over the past few months, there has been a noticeable increase in home values, reflecting the town's growing desirability among homebuyers. The low inventory of homes for sale has led to competitive bidding in the area, indicating a trending seller's market.

The town's real estate market has seen steady appreciation in home prices, particularly for single-family homes, which remain highly sought after. The demand is largely driven by families looking for a friendly community with good schools and accessible parks. This trend is likely to continue as more buyers recognize the advantages of suburban living while still being close to urban amenities.

Home Value Estimator For Morris Plains, NJ

There are currently 7,177 real estate properties in Morris Plains, NJ, with a median automated valuation model (AVM) price of $712,086.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Morris Plains, 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 Morris Plains, NJ, is $707,067.00, with the most expensive house in Morris Plains, NJ, topping out at $58,466,164.00 and the cheapest home in Morris Plains, NJ, clocking in at $59,453.00. In other words, there’s something for every potential homebuyer or savvy investor in Morris Plains, NJ!

Rent Prices In Morris Plains, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Morris Plains, NJ, is on a rollercoaster ride. The average rent price in Morris Plains, NJ, is $2,660.00. Indeed, when looking to rent in Morris Plains, NJ, you can expect to pay as little as $1,290.00 or as much as $5,860.00, with the average rent median estimated to be $2,660.00. The good news is that finding an affordable and desirable property to rent in Morris Plains, 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.

Morris Plains, NJ Rent To Own Homes

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