Eatontown, NJ

Population: 12,262
Average annual home appreciation rate: 5.16%
Total of homes for sale in this market: 131
Median home price: $329,420
Median Rent: $1,259 per room
Home price range: 27.26% of homes are between $307,001 – $409,000
Median sales price: Still gathering data
Number of homes: 137
Median foreclosure sales price: $320,000
Foreclosure discount: Still gathering data
Most common home type: 38.12% of homes are Single Family Detached
Number of vacant homes: 5.08%
Number of renters: 48.72%
Number of owner occupied: 51.28%
Number people living below poverty level: 9.00%
Unemployment rate: 5.60%
Is this area perfect for real estate deals going on right now? Eatontown has a great track record for the appreciation rate in the last decade. Homes in this area can still be found at a better price then others, and the fact that there are more renters than home owners shows promise for the savvy buy and hold investors looking to make a decent ROI on their investments based on the higher rental rates in the area. It’s also important to point out that realtytrac.com show more ‘troubled’ properties available then overall homes for sale on the market. (This means motivated sellers)

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