The New Jersey Real Estate market is booming and offers promising returns for young investors and first-time home buyers. Investing in an invaluable property can be complicated. Especially for young investors who have just begun their careers and are looking to invest in an affordable property. Northern NJ offers investors and home buyers some of the most beautiful yet affordable towns to invest in. In this blog post, we will highlight the top six towns in Northern NJ where young investors and first-time home buyers should consider investing.
Situated in the eastern region of Union County, Linden is one of the best towns to consider investing in. The town boasts of its proximity to Staten Island, New York City, and easy access to other Northern and Central NJ towns. Linden provides affordable housing options, has a growing business community, and a vibrant nightlife scene. Linden’s median home price is $229,000, which is an affordable option for young investors.
2. Jersey City
Jersey City is a vibrant city in Hudson County that offers some of the best real estate investment opportunities. An excellent location for young investors looking to buy and rent out their properties, Jersey City is home to some of the best schools, universities, and hospitals in the state. The city offers some of the most iconic affordable neighborhoods such as Journal Square, Greenville, and Bergen-Lafayette. Jersey City’s median home price is around $325,000, which is still cheap compared to other NJ towns.
Located in Union County, Elizabeth is one of the oldest cities in New Jersey and offers some of the most affordable properties in New Jersey. Elizabeth is home to the Newark Liberty International Airport, one of the largest transport hubs in the state. The city offers a broad range of affordable housing options and is home to the popular Jersey Gardens Mall. Elizabeth’s median home value is around $259,000, making it an attractive option for young investors.
Newark is the most populous city in New Jersey, and the 2nd most diverse in the US. The city is home to the Newark Beth Israel Medical Center, Rutgers University, and the New Jersey Institute of Technology. Newark boasts of affordable housing options, a vibrant nightlife, and various recreational activities such as the Newark Museum and Branch Brook Park, among others. With median home prices of about $235,000, Newark is an excellent option for young investors looking for affordable property options.
Located in Morris County, Dover offers some of the best real estate investment opportunities to young investors. With a median home price of around $260,000, the town provides affordable housing options for young investors looking for their first property. The town is home to the Picatinny Arsenal, a major employer in the area.
Located in Union County, Hillside is another affordable option for young investors looking to invest in Northern NJ. The town offers various affordable housing options, access to NYC, and other prominent towns in Northern NJ, such as Newark. The median home value in Hillside is around $246,000.
Investing in Northern NJ towns can be an excellent opportunity for young investors and first-time home buyers. The towns offer affordable housing options, proximity to major city centers such as New York City, and access to reputable schools, universities, and hospitals. The above-listed towns provide some of the most affordable properties in New Jersey, making them an excellent option for first-time homebuyers. We hope this blog post helps you make an informed decision on where to invest your money.