Lakehurst, NJ, is an excellent spot for property investment opportunities. It’s a place with lots of history and a strong community feel. It lies close to Pine Lake Park and nearby towns. This makes it a valuable find in New Jersey’s real estate scene. You can find a variety of properties here. There are options from large family homes to affordable rentals. This variety makes Lakehurst NJ real estate perfect for all kinds of investment plans.
The area has moderate income levels, with a median household income of $78,525. Also, the median home value stands at $198,200. This balance gives investors a mix of affordability and quality living1. Lakehurst has 2,696 residents working in various jobs such as sales, service, and even telecommuting2. This highlights the economic diversity and range of job opportunities available. Also, the community features a mix of cultural backgrounds. You’ll find a high number of Italian roots and a growing Hispanic or Latino presence3.
Key Takeaways
- Lakehurst offers diverse property investment opportunities in a historic and vibrant community.
- The median home value is $198,200, with a median household income of $78,525.
- Residents primarily work in sales, service, and telecommuting jobs.
- Italian and Hispanic or Latino ancestries are prominent within the community.
- Lakehurst houses a small, close-knit population, contributing to its unique charm.
Overview of Lakehurst, NJ Real Estate Market
Lakehurst property prices are on the rise. They range from $289,900 to $349,900. The average price per square foot is $3844. This shows the local housing market is strong. The area’s median home prices, growing population, and job creation help boost its property market. This makes Lakehurst an appealing spot for investors.
Current Property Prices
As of July 2024, homes in Lakehurst are priced between $289,900 and $349,9004. These attractive prices make Lakehurst great for both living and investing. The real estate market is supported by steady growth in property values, encouraging more people to invest.
Average Rental Income
Lakehurst’s rental market offers an average monthly income of $2,1634. This strong rental yield draws investors looking for dependdable returns. High-demand areas like Pine Lake Park and Berkeley Township support solid rental incomes. This makes the rental market very attractive.
Investment Potential
Investing in Lakehurst, especially short-term rentals like Airbnb, shows strong returns4. The area has an average 4.00% monthly cash-on-cash return for investment properties4. With a strong rental market and good property prices, Lakehurst is a solid choice for investors. For a closer look, check out this detailed guide on Lakehurst real estate4.
Pine Lake Park
Pine Lake Park is a peaceful suburb in Lakehurst, NJ. It is known for its community spirit and nice living conditions. The area has 8,954 people with a median age of 37.55.It scores 65 out of 100 for livability. This makes it great for new homeowners and investors5.
Community Features
The real estate in Pine Lake Park is appealing because of its amenities. There are local bars, restaurants, and the beautiful lake for everyone to enjoy. It also has healthcare and jobs, making it self-sufficient5.Even though crime rates are 9% higher than New Jersey’s average, its cost of living is 1% lower. This balance makes it a decent choice for living and investing. You can learn more about investing here5.
Property Values and ROI
Homes in Pine Lake Park are affordable, with an average price of $269,1005.This is 15% lower than the rest of New Jersey. The median household income here is $86,635, which is 18% higher than the state average. This attracts property investors5.
The ROI for rentals ranges from 5.2% to 6.17%. Properties like the one at 1 Wranglebrook Rd, selling for $200,000, and 13 Geneva Rd, for $190,000, show the opportunities here6.Pine Lake Park thus presents a good investing scene, with its value for money and dynamic community. Considering Pine Lake Park real estate for personal use or as an investment is wise, thanks to its amenities and investment potential.
Berkeley Township
Berkeley Township is perfect for families and investors, thanks to its typical New Jersey suburban feel. It gets a rating of 3.96 out of 5. This makes Berkeley Township a great place for living and investing2.
When it comes to homes, Berkeley Township stands out with affordable prices. The median home value is well below the national median. This makes Berkeley Township investments attractive. Here, you can find cheaper properties than in other parts of the state. This helps investors make the most out of their money2.
The area has a strong job market with a B+ rating. This shows its potential for growth and appeal to professionals2. The New Jersey suburban properties in Berkeley Township come with excellent amenities. There are lots of outdoor activities and nightlife with an A rating2.
There are three vacation rentals for sale at the moment. They have a median list price of $374,500. The average price per square foot is $2517. The average monthly income from short-term rentals is $2,475. This leads to a decent 4.00% cash on cash return7. These numbers are good for people thinking about short-term rental investments in Berkeley Township.
A closer look at the property market in the area can help investors understand the benefits and costs. Here are some key statistics:
| Indicator | Rating/Value |
|---|---|
| Suburb Rating | 3.96 out of 5 |
| Median Home Value | $374,500 |
| Average Price per Sq Ft | $251 |
| Cash on Cash Return | 4.00% |
| Average Monthly Rental Income | $2,475 |
| Number of Vacation Rentals | 3 |
| Job Market Rating | B+ |
| Cost of Living Rating | C+ |
Berkeley Township’s real estate market is ideal for both new and experienced investors. It combines affordability, strong community support, and great investment chances72.
Manchester Township
Manchester Township is a great place for real estate investors. It has lots of amenities, good schools, and great reviews. This area is very inviting, perfect for those looking to invest in property. They can expect good returns on their investment.
Local Amenities
There are many amenities in Manchester Township that fit different lifestyles. It has parks, recreational centers, and shopping areas. These make living there valuable. Also, being close to Rowan University adds to its culture and education, making it attractive for students and staff. This increases the value of investment properties.
School Districts
Manchester Township is known for its excellent schools. Schools like Clearview Regional and Pitman Boro Public Schools are part of its appeal. They offer top-notch education. This makes the area ideal for families. Good schools boost property values, making this place a top choice for investors.
Community Reviews
People really like living in Manchester Township. It has a rating of 3.75 out of 5 based on what residents say. They love the multi-family homes in Williamstown. This positive feedback shows it’s a welcoming place for investors. The strong community supports the township’s strong investment potential.
Best Neighborhoods To Invest In Lakehurst, NJ
Lakehurst, NJ, is great for those looking to invest in rental homes. It’s perfect for high rental income and returns. Lakehurst gives you many chances to make the most out of your investments.
Rental Income and Cash on Cash Return
Lakehurst rental properties are a good choice for high returns. The median rent here is $1,481, which is above the average. This shows it’s a good place for renting out properties2. Places with great nightlife and diversity, like those rated an A by Niche (source), have high demand from tenants2. Investors can earn stable income from these sought-after areas.
Lakehurst has good job ratings too, with a B+ for employment opportunities. This means lots of potential renters2. Buying multifamily homes with existing tenants can start earning money right away. This helps make your investment more profitable.
Long-Term Investment Options
There are many long-term investment choices in Lakehurst. The median house is priced at $198,200, way less than the average2. This low price is great for those new to real estate investing. Plus, areas like Whispering Hill and Hampshire Hills have homes that might increase in value. Prices there go from high $800s to about $1.25 million1.
For growth over time, look at neighborhoods balancing cost with the chance for home value to go up. The Vineyards, for example, has houses priced from just over $500,000 to the mid-$700s. These options show why Lakehurst is a top pick for investors looking for long-term growth1.
Lakehurst also ranks high for health, fitness, and outdoor activities, getting B and B+ grades2. With 2,653 people enjoying a mix of suburban and rural life, investment opportunities here are even better2.
Factors Driving Real Estate Growth in Lakehurst
Lakehurst’s real estate market is booming. This is thanks to its diverse job market and low crime rates. These factors attract professionals and families alike. High-quality local schools also make it a great place for potential homeowners.
Property values in Burlington County have gone up a lot, from $122,500 in 1990 to $283,700 in 2008. This shows properties can gain value over time8. Rent prices have also increased from $526 to $1,084 during the same period. This suggests there’s potential for steady rental income8.
Lakehurst offers a mix of suburban and rural living. It’s perfect for those wanting a quiet, family-friendly spot. Plus, the schools are top-notch. There’s a 98% customer satisfaction rate and a 97% success rate for mortgage approvals here. This highlights strong support for homebuyers9.
Local amenities like parks and dining enrich the area. The uptown district, with its new businesses such as microbreweries, also boosts the local real estate9. This makes investing in the area very appealing.
Also, the average household income in Burlington County grew by 32% from 2000 to 2008. This economic improvement supports Lakehurst’s property market8. It shows the area’s real estate is attractive for both rentals and long-term investments.
All these factors together show why Lakehurst’s real estate is set to grow more. It offers great opportunities for investors looking for growth.
Comparing Airbnb and Traditional Rentals
Investors in Lakehurst, NJ, are looking closely at the benefits and drawbacks of Airbnb vs traditional rentals. They want to know which rental methods work best. Figuring out the Return on Investment (ROI) and how much money they can make is key.
ROI Comparisons
In examining Lakehurst ROI, Airbnb rentals often come out ahead. Traditional rentals have an average return of 5.65%. Yet, Airbnb can give a return of about 3.91%10. A 3-bedroom home in West Milford, priced at $379,888, gets 9.83% return with Airbnb. This is compared to 4.95% with traditional ways10.
In Lakehurst, Airbnb returns range from -0.18% to 4.73%11. Traditional rentals can bring -1.66% to 2.49%11. This shows how vital the right property choice is for better ROI.
Income Potential
The possible earnings from Airbnb and traditional rentals in Lakehurst matter a lot. Airbnb can bring in $4057 to $8409 for each property11. On the other hand, traditional rentals can earn you $1660 to $485111. For instance, a place at 508 W New Jersey Ave, Somers Point, NJ, makes $3424 through Airbnb. This results in a 4.07% return. The same property would earn $2943 in traditional rental, yielding a 4.82% return10.
Choosing the best rental approach is vital for the best Lakehurst ROI. By looking at how different properties perform, investors can make smart choices. These decisions match their financial aims and how much risk they’re willing to take.
Investment Opportunities Near Lakehurst
Exploring investment options near Lakehurst shows a lot of promising opportunities. There are both commercial and residential properties that can be profitable. Different goals and the current market affect these investments.
Commercial Properties
Investing in Lakehurst’s commercial sector is a smart choice. One example is investing in businesses like dry cleaners on Black Horse Pike. They make about $1,7504 every month from rent. The local economy’s strength and excellent location support these investments. Steady customers and foot traffic help ensure investments grow over time.
Residential Properties
Residential properties are also worth considering. Prices for these properties range from $125,000 to $195,0004. This makes it easy for both new and experienced investors to start. These homes vary in size and can meet different needs4.
They were built from 1918 to 20184 and are located in sought-after areas. Neighborhoods like Mullica Hill and Pitman are included. They are near top schools like Clearview Regional, making them attractive to families4.
| Property Type | Prices | Size (sqft) |
|---|---|---|
| Single-Family Homes | $125,000 – $195,000 | 1,100 – 13,500 sqft |
| Multi-Family Homes | $125,000 – $195,000 | 1,100 – 13,500 sqft |
| Commercial Properties | $1750/month rental income | 1,100 – 13,500 sqft |
Evaluating Risk in Lakehurst Investments
To understand the risks of investing in Lakehurst, it’s essential to look at everything that could affect the housing market. Looking at past data, we see home values in Lakehurst have gone up by 10.6% last month. This is a good sign, but we still need to compare neighborhoods and check the condition of properties.
Checking a property’s growth and stability is key. Consider a property at 510 Willow St in Lakehurst. It sold for $161,900 in 2019, even though the land was worth $65,000 and the property tax was $4,917.39 in 202112. Even if this property costs more than others nearby, it has a smaller size and a low condition score. These points are crucial for anyone thinking of investing12.
Local economic drivers also play a big role. Joint Base McGuire-Dix-Lakehurst (JB MDL) is a key player. It covers 42,000 acres and is the second-largest employer in New Jersey. It adds around $6.9 billion to the economy every year12. Having such a stable entity nearby can help protect against market ups and downs. By weighing these aspects, investors can better decide on investing in Lakehurst properties.
FAQ
What are the best neighborhoods to invest in Lakehurst, NJ?
Pine Lake Park, Berkeley Township, and Manchester Township are great for investing in Lakehurst, NJ. They have strong communities, good ROI, and lots of amenities.
What is the overview of the Lakehurst, NJ real estate market?
The Lakehurst, NJ real estate market has suburban communities with different prices. Prices range from $289,900 to $349,900. The average price per square foot is $384.
The average rental income is $2,163. Properties have a 4.00% average monthly cash return.
What are the current property prices in Lakehurst, NJ?
Property prices in Lakehurst range from $289,900 to $349,900 as of July 2024. The average price per square foot is $384.
What is the average rental income in Lakehurst, NJ?
The average rental income in Lakehurst, NJ is $2,163 per month. This offers good returns for investors.
How does Pine Lake Park stand out in Lakehurst real estate?
Pine Lake Park offers a peaceful setting and a tight-knit community. You’ll find amenities like bars and a lake. Homes average at $198,200, with rental ROI between 5.2% to 6.17%.
What makes Berkeley Township a viable investment option?
Berkeley Township has suburban appeal and strong community support, rated 3.96 out of 5. It has a reasonable cost of living and accessible amenities.
What amenities and schools does Manchester Township offer?
Manchester Township is full of amenities and top schools like Clearview Regional. It’s near Rowan University. The area’s rating of 3.75 out of 5 makes it a promising investment spot.
Which neighborhoods in Lakehurst offer the best rental income and cash on cash return?
Pine Lake Park, Berkeley Township, and Manchester Township offer high rental income. Airbnb returns can go up to 6.16%.
What factors are driving real estate growth in Lakehurst?
The Lakehurst market grows because of a diverse job market and good schools. Low crime and a mix of suburban-rural living attract buyers. New businesses and an engaging uptown also help.
How do Airbnb rentals compare to traditional rentals in Lakehurst?
Airbnb rentals in Lakehurst give higher ROIs than traditional ones. A 3-bed house could yield up to 6.16% on Airbnb, more than the 4.39% from traditional rentals.
What investment opportunities exist near Lakehurst?
Investment chances near Lakehurst include commercial properties and diverse residential ones. You can find everything from ranchers in Mullica Hill to occupied multi-family homes.
How should investors evaluate risk in Lakehurst real estate investments?
Investors should look at the housing market stability and local economic trends. Consider Lakehurst’s closeness to New York City and its unique living benefits.
Source Links
- 8 Best Neighborhoods in Jackson NJ: Where Should You Buy a Home? – https://www.newjerseyrealestatenetwork.com/blog/best-neighborhoods-jackson-nj/
- Lakehurst, NJ – https://www.niche.com/places-to-live/lakehurst-ocean-nj/
- Lakehurst – https://www.neighborhoodscout.com/nj/lakehurst
- Investment Properties For Sale in NJ – https://southjerseyteam.com/locations/investment-properties-nj/
- Pine Lake Park, NJ Area Guide – https://www.areavibes.com/pine lake park-nj/
- Lakehurst, NJ Mobile & Manufactured Homes for Sale | realtor.com® – https://www.realtor.com/realestateandhomes-search/Lakehurst_NJ/type-mfd-mobile-home
- Berkeley, NJ Airbnb Investment Property for Sale | Short Term Rentals for Sale in Berkeley, NJ – https://www.mashvisor.com/airbnb-new-jersey/airbnb-for-sale-in-berkeley/c
- Analysis of Impediments – https://www.co.burlington.nj.us/DocumentCenter/View/225/Analysis-of-Impediments–Fair-Housing-Plan-PDF
- 204 Cedar Street, Lakehurst, NJ – https://www.longandfoster.com/rentals/204-Cedar-Street-Lakehurst-NJ-08733-311361196
- Atlantic City, NJ Investment Property for Sale | Mashvisor – https://www.mashvisor.com/new-jersey/atlantic-city-investment-property-for-sale/c
- Cape May, NJ Investment Property for Sale | Mashvisor – https://www.mashvisor.com/new-jersey/cape-may-investment-property-for-sale/c
- PDF – https://webhost.co.ocean.nj.us/ocbidportal.nsf/0/99eb50dbb5871ca8852587440063db61/$FILE/Joint Base Regional Compatible Use Study.pdf
