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Rent To Own Homes in Penns Grove, NJ

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Penns Grove, NJ Foreclosures

How much do homes sell for in Penns Grove, NJ?
The average home price is currently $229,251.
In Penns Grove, NJ, how many homes are available?
There are currently 64 active home listings available in Penns Grove.
What’s the average rental cost in Penns Grove, NJ?
The average rental price in Penns Grove is $1,267.
What is the most expensive home in Penns Grove?
The most expensive home sold in Penns Grove had a price of $18,915,654.
What is currently the cheapest priced home in Penns Grove, NJ?
The cheapest home for sale in Penns Grove is priced at $12,882.

Living in Penns Grove, NJ

Penns Grove is a charming small town located in Salem County, New Jersey, offering a tight-knit community atmosphere. The area features access to beautiful parks, various shopping options, and local dining establishments. Its close proximity to the Delaware River makes it an attractive location for outdoor enthusiasts.

Current Market Conditions in Penns Grove, NJ

The real estate market in Penns Grove has seen a steady increase in demand over the past few months, driven by families looking for affordable housing options in a suburban environment. As the population in the area grows, more buyers are entering the market, leading to competitive pricing and quicker sales.

Currently, there are a number of new constructions and renovations underway, which have boosted interest among buyers. Investors are also recognizing the potential for rental properties in the area, as rental demand remains high due to the proximity to larger urban amenities.

Home Value Estimator For Penns Grove, NJ

There are currently 2,364 real estate properties in Penns Grove, NJ, with a median automated valuation model (AVM) price of $192,523.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Penns Grove, 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 Penns Grove, NJ, is $229,251.00, with the most expensive house in Penns Grove, NJ, topping out at $18,915,654.00 and the cheapest home in Penns Grove, NJ, clocking in at $12,882.00. In other words, there’s something for every potential homebuyer or savvy investor in Penns Grove, NJ!

Rent Prices In Penns Grove, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Penns Grove, NJ, is on a rollercoaster ride. The average rent price in Penns Grove, NJ, is $1,267.00. Indeed, when looking to rent in Penns Grove, NJ, you can expect to pay as little as $870.00 or as much as $2,680.00, with the average rent median estimated to be $1,220.00. The good news is that finding an affordable and desirable property to rent in Penns Grove, 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.

Penns Grove, NJ Rent To Own Homes

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