Toms River, NJ

Population: 88,791
Average annual home appreciation rate: 5.23%
Total of homes for sale in this market: 1,246
Median home price: $297,613
Median Rent: $1,380 per room
Home price range: 34.81% of homes are between $205,001 – $307,000
Median sales price: $175,000
Number of homes: 1,467
Median foreclosure sales price: $140,950
Foreclosure discount: 19%
Most common home type: 79.57% of homes are Single Family Detached
Number of vacant homes: 8.77%
Number of renters: 20.30%
Number of owner occupied: 79.70%
Number people living below poverty level: 6.26%
Unemployment rate: 6.60%
Is this area perfect for real estate deals going on right now? Tom’s River has had a decent history of home appreciation rate for the past decade. As of now, with the home prices as low as they are in comparison to other cities this distance from NYC, there could be some opportunity for the savvy investor…based on the fact that the average of ‘troubled’ homes to regular homes is higher. Troubled properties = motivated sellers…. and motivated sellers = cash price negotiation.

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