New Jersey Rental Guide 2022

OVERVIEW OF NEW JERSEY

“The Garden State” New Jersey was originally inhabited by Native Americans for more than 2,800 years, but in the 17 th century, the Dutch and Swedes made the first European settlements in the state. The English later seized control of the region, naming it the Province of New Jersey. One of the original Thirteen Colonies that broke away from Britain, New Jersey was the location of many historically significant battles and events during the American Revolution. It officially became a state in 1787. New Jersey’s geographic location at the center of the Northeast megalopolis fueled its rapid growth through the process of suburbanization in the second half of the 20 th century. Today, New Jersey is home to a uniquely diverse population, where communities range from large urban centers close to New York City to small rural towns farther south and west. While New Jersey is the fourth-smallest state by area, it is the 11 th most populous with approximately 9 million residents as of 2017. It is the most densely populated of the 50 states. Suburban Living The northern New Jersey suburbs encompass some of the most coveted property in the nation. These areas prominently feature detached single-family residences, ample green spaces, shopping malls and other such commercial centers within a reasonable commuting distance from the city. The slower pace and lower population density of the suburbs makes for a relaxing escape from New York City’s crowds and excitement. With a short drive or train ride via commuter rail, one may easily enjoy all that the city has to offer at any time. Another advantage to suburban living is the property value. Homes in the suburbs tend to be larger and less expensive than homes in New York City. Additionally, they often include a yard or garden, a garage and other such features. While some towns feature residential sidewalks, few daily needs can be met within walking distance of most homes. As such, owning a car is imperative to living in New Jersey. A Distinctive Market New Jersey real estate is in very high demand, on account of its desirable location close to New York City and the Atlantic Ocean. Housing options are typically very low because of this. The best way to beat the competition and secure a home quickly is to have a solid understanding of how this market works. When securing a property in New Jersey, speed and organization are paramount. The New Jersey real estate market typically works on a first-come, first-served basis; potential renters or buyers who have their documents and finances ready stand the best chance of securing the apartment or home they want. Representation by a brokerage such as Station Cities can greatly expedite your search. An experienced broker has the knowledge and resources to ensure that you see quality properties offered at the best possible prices.

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Rental Guide: New Jersey