You can still afford a home in this NJ town, but you gotta hurry
Everyone knows that the median home price in New Jersey is higher than it is in most of the country.
You may think that you are priced out of the New Jersey real estate market and are resigned to renting for the rest of your life, but there still is some good news.
Gloucester City is a town that doesn’t get much attention but it has a lot to offer. Especially for a town with homes that are so affordable. unfortunately, since the secret has been, let out, prices have come up, just a tad.
And even though the real estate market is in somewhat of a holding pattern, people are starting to buy up Gloucester City.
However, you can still snag some great deals there. A historic working-class community with great views of the Philly skyline, it’s a hop skip and a jump away from the big city but with all the advantages of the suburbs.
It boasts the Gloucester City Marina of Camden County which was developed for recreational boating. Not only that but at least until August 2024, the town maintains the status of an urban enterprise zone which means the sales tax charged there is half of the general sales tax of NJ which is 6.625%.
Not only that, Gloucester City High School was named one of America’s top high schools by US News and World Report.
The median home value is around 207k, which, even though it represents a 17% increase since a year ago, is significantly below the national average.
The homes tend to be old but with plenty of charm and some of them even border on grand.
Surprisingly, many homes are priced in the $150-175 thousand range.
A drive through Gloucester City will give you a feeling of the good old days, with a home price tag to boot.
LOOK: Cities with the most expensive homes in New Jersey
Gallery Credit: Stacker
How much does the average NJ home cost? Median prices by county
Gallery Credit: Erin Vogt
Opinions expressed in the post above are those of New Jersey 101.5 talk show host Judi Franco only.
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