City-owned Homes And Land in Shrewsbury, NJ 07701

Current Market Conditions in Shrewsbury, NJ

The Shrewsbury real estate market has shown strong growth trends over the past year, with home prices steadily increasing as demand remains high amid a low inventory of available properties. The appeal of the area due to its quality schools and community amenities has attracted both families and young professionals, leading to a competitive buying environment.

Recent data indicates a 10% increase in median home prices compared to the previous year, driven by an influx of buyers seeking homes with more space and proximity to outdoor activities. This trend has been further supported by historically low mortgage rates, encouraging buyers to invest in the area.

Rent Prices In Shrewsbury, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Shrewsbury, NJ, is on a rollercoaster ride. The average rent price in Shrewsbury, NJ, is $3,000.00. Indeed, when looking to rent in Shrewsbury, NJ, you can expect to pay as little as $1,800.00 or as much as $4,650.00, with the average rent median estimated to be $2,950.00. The good news is that finding an affordable and desirable property to rent in Shrewsbury, 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.