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New Jersey Suburbs of Philadelphia Burlington County, Camden County, Gloucester County, Salem County in South Jersey
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Old 02-29-2020, 09:05 PM
 
3 posts, read 2,803 times
Reputation: 10

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Hey guys,


i was looking at zillow and noticed some homes in new jersey near the Philadelphia area are as cheap as $250,000 for a 4 bedroom with a pool. That seems drastically much cheaper than the Northern New Jersey area.



Im looking to move out of North Jersey due to how expensive it is out here.


However, would someone be able tell me why the houses down there seem to be so cheap.

The quality of the houses seem very nice as well.



I work in IT and also as a Software/Web Developer. Not sure if that area is seriously lacking jobs but if anyone has any insight please let me know.
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Old 03-01-2020, 01:52 AM
 
29,812 posts, read 20,486,983 times
Reputation: 51680
Quote:
Originally Posted by lordjesusisking View Post
Hey guys,


i was looking at zillow and noticed some homes in new jersey near the Philadelphia area are as cheap as $250,000 for a 4 bedroom with a pool. That seems drastically much cheaper than the Northern New Jersey area.



Im looking to move out of North Jersey due to how expensive it is out here.


However, would someone be able tell me why the houses down there seem to be so cheap.

The quality of the houses seem very nice as well.



I work in IT and also as a Software/Web Developer. Not sure if that area is seriously lacking jobs but if anyone has any insight please let me know.
Houses all over south Jersey are much much cheaper than north Jersey. I guess it’s due to proximity to more and higher paying jobs in/near NYC and much denser population in north Jersey.
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Old 03-01-2020, 10:26 AM
 
977 posts, read 859,174 times
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Well first off, what town are you looking at? That’s a big factor. Some towns can be super cheap, others will not be.

South Jersey is significantly cheaper than North Jersey. But for the same job, you will be paid considerably less as well. The economy is also less robust in general. Luckily, you can find IT jobs everywhere. You should be able to find one in the Philly area...just expect a lower salary.
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Old 03-01-2020, 02:55 PM
 
144 posts, read 271,256 times
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South Jersey was dying for a while... there's some good rehabilitation happening and positive upswing in Burlington that's got people excited.
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Old 03-01-2020, 05:59 PM
 
Location: Mid-Atlantic
28,459 posts, read 27,242,398 times
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I'd like to know which town it's in, too.
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Old 03-03-2020, 06:02 AM
 
Location: Mount Laurel
4,179 posts, read 10,009,466 times
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Quote:
Originally Posted by lordjesusisking View Post
Hey guys,


i was looking at zillow and noticed some homes in new jersey near the Philadelphia area are as cheap as $250,000 for a 4 bedroom with a pool. That seems drastically much cheaper than the Northern New Jersey area.



Im looking to move out of North Jersey due to how expensive it is out here.


However, would someone be able tell me why the houses down there seem to be so cheap.

The quality of the houses seem very nice as well.



I work in IT and also as a Software/Web Developer. Not sure if that area is seriously lacking jobs but if anyone has any insight please let me know.
You already have your answer.

Location!

It is one of the most important factor in housing prices.
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Old 03-03-2020, 11:12 PM
 
8,350 posts, read 11,583,469 times
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Yes they are cheap.

The problem comes when trying to sell. They do not appreciate in value much.
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Old 08-03-2020, 05:01 PM
 
3 posts, read 2,803 times
Reputation: 10
Thank you guys for all your replies they have been very informative
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Old 08-08-2020, 08:01 AM
 
Location: Lake Huron Shores
997 posts, read 173,913 times
Reputation: 572
Coastal south jersey is just as expensive as northern NJ. Interior part of south jersey is what I’d call affordable, not cheap. The northern and central NJ counties (outside Warren and Sussex) as well as are often overpriced.
A 4 bedroom house in my town costs $285-350 K depending on the year built, and I live in the more expensive part of Michigan. But coming from New Jersey those rates are very good. That says something about housing prices in NJ vs the Great Lakes Region.
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Old 08-11-2020, 08:16 AM
 
Location: Central New Jersey (prev. Boston, NY, Florida)
3,335 posts, read 1,082,748 times
Reputation: 2809
I was also wondering this too. Hypothetically, I could live in Cherry Hill or some other good NJ Suburb. But theres a big issue.

A 400k house in a decent NJ suburb pays almost 10-12k in property taxes per annum. Thats absurd!
My 400k house in a top tier Boston suburb 4.2k in property taxes.

If I wanted to relocate there and move into a similar priced home, I would be paying almost 600-800 more per month in just property taxes. Thats equivalent of buying a 600k home. The property taxes are crazy high in SNJ, that would just make me buy on the PA side of Philly.

Anyone know why mediocre NJ towns charge SO much money for property taxes? Its a huge deterrent
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