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Updated over 9 years ago,
South Jersey Rental Market - What's it like?
I've fallen into a sort of 'Trulia Trance' - i.e. checking out various real estate listings on Trulia/Zillow/Realtor for hours - in hopes of finding a good buy-and-hold investment. While i'm particularly focused on the North Jersey market (thanks @Daren Sager), I couldn't help but notice how much more attractive properties seem in the South Jersey/Philly neighboring areas (i.e. Cherry Hill, Moorestown, Cinnaminson, Palmyra, Merchantville) - especially considering price points and taxes. Needless to say, I've done some digging around those communities and i'm generally interested in what i'm seeing BUT I just don't know enough. So, for those people that live/invest around the area - what's it like?
More specifically:
- What is the 'typical' renter demographic?
- Where do they work?
- What do renters demand - SFH, MFH, etc?
- What is the most sought-after community? Why??
Any/all info would be appreciated - looking learning more!