Best places to buy a home in New Jersey within the budget

New Jersey is notorious state and close to jobs in Philadelphia and New York City, makes it more appealing among new home buyers. The state is steadily gaining more and more jobs and according to the prediction of economists, economy here will continue to grow in the coming years. With the increase in economic growth new residents wants to settle here. It also has more than 100miles of beaches. When comes to home prices in New Jersey, they are higher than many other states but still there are some best places to buy a home within your budget limit. For potential home buyers help is available. In New Jersey several agencies across the state provide mortgage counseling and new homebuyer education classes. State programs like “The Live Where You Work Homebuyer Program” offers low-interest loans for those people who are buying homes where they work. If you are unable to go to these classes no need to feel helpless at all, we are here to guide you with some of the best affordable places in New Jersey to buy home.

Before knowing about these places, it is better to understand what these places have in common.

Home values in these places were over $200,000 in all of the top 20 cities. 16 of the top 20 cities are located with commuting distance to New York City. In all of the top 20 cities residents spend over 30 % of their income on monthly homeowner costs. The top 10 places to buy a home in New Jersey are as follows.

Best places to buy a home in New Jersey

Williamstown:

Williamstown is a beautiful and affordable place to buy a home, located within Monroe Township, which is about 25 miles east of Philadelphia City. Why this place comes first in the list? It is because of its moderate home values of $219,700. Residents here can enjoy everyday life at its best. For outdoor fun you can head to the Hospitality Creek Campground or send your kids to Tall Pines Day Camp.

Best places to buy a home in New Jersey within the budget

Ocean Acres:

This lovely place is census-designated place with a 92.3 % homeownership rate, which is highest in the list. Ocean Acres area is situated about 10 miles from the Jersey Shore, which saw a building boom in the 1990. Newly constructed homes here have made Ocean Acres a destination place for young and new families. It is best not only for new families but also for retirees who are looking for single family homes at affordable price. Homeowners have to spend here 33.6 % of their monthly income on their homes.

Woodbridge:

Next affordable place in our list is Woodbridge, also a census-designated place. This township saw immense population growth due to its reasonable home prices. Woodbridge Township is just 30 miles from Manhattan and 20 miles from the Jersey Shore. The area has plenty of opportunities to get outdoors excitement with its 35 parks and playgrounds. Residents can take their kids outside for healthy activities and make lots of contacts with neighbors. Moreover, Woodbridge’s Keasbey community is home to New Jersey’s biggest employer, Wake fern Food Corporation, the largest supermarket cooperative in the U.S.

South Plainfield:

Monthly costs for homeowners in this area are less than 10 miles east of Woodbridge are some of the more affordable in the state. Monument Park of area recognizes the sacrifices made by the town’s military veterans and others who have served the community.

Somerset:

Somerset is lovely place yet fits easily in your budget, located about 50 miles south of Manhattan. A census-designated place within borders of Franklin Township. At the Gardens at Colonial Park and several farms, including pick-your-own produce location Agritourism is a popular activity. The township provides Promotion in Motion which makes candies and fruit snacks including Welch’s products.

Secaucus:

Another best place to live in New Jersey at affordable prices, located less than a 10 mile drive to Manhattan. Secaucus is close to the Meadowlands Sports Complex and the home of the New York Giants and the Jets. Secaucus population grows rapidly and the beautiful city is also a home to the headquarters of Goya Foods, The Children’s Place clothing company.  Moreover, the NBA Entertainments also located here, a company manages the NBA’s TV and Internet programming.

Hopatcong:

The borough of Hopatcong is the most affordable place to buy a home West Windsor where residents have to pay only 30 % of their median monthly mortgage and utility bills. Hopatcong city is located just over 50 miles west of Manhattan, has a 92.2 % homeownership rate. Families can enjoy many activities at Lake Hopatcong including the annual Hopatcong Days and Lake Hopatcong Grand Prix.

Tinton Falls:

Median home values in Tinton Falls are $333,000 in the middle of the road for New Jersey. This place has an enduring link to the history and provides you beautiful homes in Hamilton within your budget limit. Old Mill which was built in 1676 is on the National Register of Historic Places is in Tinton Falls. The area is short drive to the shore, offers a unique and different kind of fun at its outlet mall with over 100 stores.

Paramus:

Residents of Paramus make the most of the communities in top 10 lists with an $8,497 median monthly household income and it is the place to spend it. The area has three major malls and two highways lined with retailers consider the best place to shop. People from different areas like New York, Pennsylvania and Connecticut and from all over New Jersey came here to shop, which generates over $5 billion in sales every year.

Iselin:

Last but not the least; Iselin is a wonderful place to live in New Jersey. Here homeowners who earn the median monthly household income pay 30.5 % of their earnings toward homeowner costs. With its metro park train station and its close proximity to New York Iselin is a great place for commuters. Borough’s downtown features include dozens of restaurants, groceries and shops thanks to the prosperous Indian-American community. 

From Visually.