Why New Jersey Homes are Selling Like Hot Cakes | Real Estate

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Are you looking at homes for sale in New Jersey? Places like Jersey City are currently offering especially low home interest rates to those who will both live and work there. If you are interested in the commercial shipping industry, New Jersey is next to the Atlantic Ocean, and serves as an ideal port of entry for shipping carriers transporting commercial goods to the United States.

New Jersey has plenty to attract new residents. Money magazine apparently believes that New Jersey is an excellent place for a home. Nine New Jersey cities made the Money Magazine 2008 rankings for the top 100 best places to live in America. Franklin Township was ranked 5th on that list. Some of the benefits of living in Franklin township are:

- Starter homes for less than $250 thousand in the Somerset area
- Many high-tech, high-paying jobs are available in the pharmaceutical, research and development fields
- A 95 percent high school graduation rate
- School reading scores five percent above state average
- School math scores 30.2 percent above state average
- Median family income $98,066
- A job growth rate over 16 percent between the years 2000 and 2007
- Personal and property crime rates are both below national average
- 113 colleges, universities, professional schools, junior colleges and technical institutes are located within 30 miles
- 4,295 restaurants within 15 miles
- 378 golf courses within 30 miles

Another city to break the top 100 list of Money Magazine is Parsippany/Troy Hills, NJ. It was ranked 13th. Some of the highlighted features are:

- Median family income $102,017
- 190 colleges, universities, professional schools, junior colleges and technical institutes located within 30 miles
- 6,270 restaurants within 15 miles
- School reading scores 19.5 percent above state average
- School math scores 41.9 percent above state average
- Personal and property crime rates are both below national average

Other cities on the list are Piscataway ranked 23rd, Edison ranked 35th, Hamilton at #51, Washington Township 58th, Union placed 75th, Howell ranked 77th and Wayne just made the list in the #100 position.

Of the nine New Jersey cities listed in the Money Magazine top 100 cities list, Howell has the lowest median home price at $329 thousand. The median family income of Howell is $94,185.

The Garden State is clearly a favored place to live, whichever city you choose. Call a local New Jersey Realtor today to get started on your search for a new NJ home.

About the Author

For more information on homes for sale in NJ as well as living conditions, contact a local RE/MAX (http://www.remax-nj.com/newjersey-real-esate.aspx) Realtor. They can speed up the home-sorting process and help you find the neighborhoods that you are looking for. Art Gib is a freelance writer.

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