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Old 01-03-2008, 02:55 PM
 
37 posts, read 172,232 times
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My wife works in Midtown, Myself Downtown. We are professionals in the FS industry looking to live in NJ and have a reasonable commute to the city. I believe that Morris County is offering the best options so far. However, with an income of a paltry 140k (yes, that is paltry in Manhattan these days, especially when looking for a home), we are finding almost 0 affordable houses that are in decent areas and are decent houses. 500k seems to buy you a tiny lot with a 50+ year old house that 'needs' work. If my wife continues to work, we can have 240k income but then we wouldn't be raising our kids as daycare would be. Any thoughts on where to look for a young family?
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Old 01-03-2008, 03:06 PM
 
Location: Central New Jersey
1,289 posts, read 6,078,949 times
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East Brunswick is probably going to be a really good choice, especially for schools in the future but not sure what your price range is. You can also try Edison. I know it is Middlesex County but you can actually get housing in these areas.
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Old 01-03-2008, 03:18 PM
 
Location: Piscataway, New Jersey
531 posts, read 2,144,280 times
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Agreed, Middlesex County is a solid bet at that income level. It's more congested and ethnic than Morris is, so there's a group of people who don't like it, but it does offer solid choices at your price level and good schools.
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Old 01-03-2008, 03:30 PM
 
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If you are willing to consider Middlesex County, I would suggest Metuchen (where I currently live although I'll be moving in a few months). It's a smallish town (about 12K residents) completely surrounded by Edison. However, it's also got a nice downtown with several restaurants, independent coffee shops, pharmacies, and bookstores. It also has a fantastic Y, and a train station where you can catch NJ Transit directly into Penn Station. Additionally, you're much closer to the beach here, if that's your cup of tea - only a little over 30 minutes to Sandy Hook, a bit further to Belmar, etc.

Housing in Middlesex is somewhat overpriced as it is in most of NJ, but the taxes here haven't caught up to Bergen and the more northern counties, and the housing stock although not plentiful does feature some good homes. From what I understand (I don't have any children) the schools are very good.

Good luck!!
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Old 01-03-2008, 03:35 PM
 
9,294 posts, read 16,572,612 times
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Default Morris County

I suggest you look into Whippany and Cedar Knolls (aka Hanover Township) in Morris County. Transportation into NYC is convenient.

If you're looking for a townhouse, I just listed mine. PM me if interested.
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Old 01-03-2008, 05:16 PM
 
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Another vote for Metuchen or Edison. North Edison if you can afford it. I have 2400sqft (basically brand new) on a 60x110 lot for under 500k. but beware the taxes. 5-8k/yr.
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Old 01-03-2008, 07:22 PM
 
Location: Chester, NJ (Morris County)
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Have you considered Randolph? There are some nice houses for sale there. You would have to travel to Morristown train station approximately 15 - 25 minutes. The schools are also very good there.
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Old 01-03-2008, 07:51 PM
 
Location: The Garden State
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How about Cliffside Park in Bergen County. Its the type of place where you dont even need a car. The schools are good and you have the option of buying a two family home that will help if you wife is going to be a stay at home Mom. Plus the commute is easy being its about 5 miles to midtown.
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Old 01-03-2008, 07:57 PM
 
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How about Berkley Height, New Providence in Union County. Even Cranford is quite nice. For more land, Somerset and Morris would be my choice.
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Old 01-03-2008, 11:39 PM
 
Location: NJ
2,210 posts, read 7,005,332 times
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Quote:
Originally Posted by Arghh View Post
However, with an income of a paltry 140k (yes, that is paltry in Manhattan these days, especially when looking for a home), we are finding almost 0 affordable houses that are in decent areas and are decent houses. 500k seems to buy you a tiny lot with a 50+ year old house that 'needs' work.
Sad isn't it? Work hard, make good money and live like a coal miner in the early 1900's.
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