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Rent To Own Homes in Prospect Park, NJ

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Prospect Park, NJ Foreclosures

How much do homes sell for in Prospect Park, NJ?
The average home price is currently $554,172.
In Prospect Park, NJ, how many homes are available?
There are currently 7 active home listings available in Prospect Park.
What’s the average rental cost in Prospect Park, NJ?
The average rental price in Prospect Park is $1,950.
What is the most expensive home in Prospect Park?
The most expensive home sold in Prospect Park had a price of $983,576.
What is currently the cheapest priced home in Prospect Park, NJ?
The cheapest home for sale in Prospect Park is priced at $113,882.

Living in Prospect Park, NJ

Prospect Park is a quaint borough in New Jersey, offering a tight-knit community feel with a range of local amenities and easy access to nearby urban areas. It boasts parks, schools, and recreational facilities, making it an ideal place for families and individuals seeking a peaceful residential neighborhood.

Current Market Conditions in Prospect Park, NJ

The real estate market in Prospect Park is currently stable, with a modest increase in home values compared to the previous year. The borough's affordability continues to attract first-time homebuyers and young families, contributing to a steady demand for housing.

Home Value Estimator For Prospect Park, NJ

There are currently 1,089 real estate properties in Prospect Park, NJ, with a median automated valuation model (AVM) price of $558,030.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Prospect Park, 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 Prospect Park, NJ, is $554,172.00, with the most expensive house in Prospect Park, NJ, topping out at $983,576.00 and the cheapest home in Prospect Park, NJ, clocking in at $113,882.00. In other words, there’s something for every potential homebuyer or savvy investor in Prospect Park, NJ!

Rent Prices In Prospect Park, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Prospect Park, NJ, is on a rollercoaster ride. The average rent price in Prospect Park, NJ, is $1,950.00. Indeed, when looking to rent in Prospect Park, NJ, you can expect to pay as little as $1,180.00 or as much as $3,080.00, with the average rent median estimated to be $1,820.00. The good news is that finding an affordable and desirable property to rent in Prospect Park, 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.

Prospect Park, NJ Rent To Own Homes

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