Rent to own Homes in Colonia, NJ
Colonia New Jersey is an unassuming city in the Woodbridge Township with a population of around only 18,000 that just happens to be down the road from arguably the biggest City in the World -- New York City. In under half an hour, residents can swap community centers, traditional festivals and family picnics for world class restaurants, theaters and museums. For many it makes for the perfect life balance.
Colonia, NJ is a great place for affordable rent-to-own homes! With the current housing shortage trend it can make it harder to become a homeowner, including in Colonia, NJ. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Colonia, NJ
- Atlantic Highlands
- Belford
- Bernardsville
- Boonton
- Brownville
- Caldwell
- Cedar Grove
- Chatham
- Cliffwood Beach
- Clyde
- Cranbury
- East Freehold
- Englishtown
- Fairfield
- Fair Haven
- Florham Park
- Freehold
- Helmetta
- Keansburg
- Keyport
- Laurence Harbor
- Leonardo
- Lincroft
- Little Falls
- Little Silver
- Madison
- Madison Park
- Matawan
- Mendham
- Monroe Township
- Montclair
- Morganville
- Navesink
- Neshanic Station
- North Brunswick
- North Caldwell
- North Middletown
- Old Bridge
- Passaic
- Pine Brook
- Piscataway
- Sayreville
- Singac
- Somerset
- South River
- Spotswood
- Twin Rivers
- Upper Montclair
- Voorhees
- Woodland Park
Neighborhoods in Colonia, NJ
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Colonia, NJ is seeing rapid growth and Colonia, NJ's' housing market remains optimal with an average home price that is -100% below the 2022 national average. Colonia, NJ is part of Middlesex county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2022 for county Middlesex is 1.76% which is above the national average, which is 0.99%.
Median Home Price in Colonia, NJ
Median Rent in Colonia, NJ
The Top 6 Reasons to Move to Colonia NJ
Shop around! Colonia Shopping Center is one of many retail shopping malls in Colonia. It sees thousands of visitors each week. This shopping center contains all of the staple brands you're used to such as Forever 21 and Sears. Another shop that sees a fair amount of traffic is Joanns Crafts. This store offers sewing goods and crafts for creative crafters.
Close knit community. One of the nicest aspects of living in a small place like Colonia is that one can become a genuine part of the community. At events such as the Music on Main Street, locals can bring out their hidden talents for all to enjoy and, unlike the city, people will applaud and cheer no matter what. More regular events can be found at the Woodbridge Community Center, where they have a mini golf course, a swimming pool and an ice skating rink.
Ranked as exceptionally livable. Area vibes rates Woodbridge Township as exceptionally livable and one can see why. For such a small space it has an incredible range of activities. Barron Arts Center, for example, exhibits artwork and holds regular writing classes. Restaurants range from Thai food at the Thai House Rocks and American food at the Muscle Makers Grill.
A nightlife that can rival its more illustrious counterparts. Colonia/Woodbridge has enough of an interesting nightlife to confidently call itself a very mini New York City. If you don't fancy the trip into the Big Apple on the weekend, you can find fun and culture at clubs such as QXT and music venues such as Crossroads at Garwood.
A stable market. The nice thing about living in Colonia is that it affords you a secure style of living. First of all, the crime rates are very low. Second, the housing market is one of the most stable in the country and no doubt the reason why 90 percent of the properties are home owned. In general, house prices are the around same whether one buys a home in Wood Oaks or Middlesex Avenue.
One of real estate's well-kept secrets. If you are looking to rent a house or rent to own, don't presume the rents are high just because the house values are. In an area such as Middlesex Avenue the median rental price is only $1,071, which includes apartments as well as family homes. Many of the rent to own options are located near Bowtie Pool and Colonia Park.
Colonia, NJ Frequently Asked Questions
Colonia, NJ has a walk score of
Colonia, NJ has a bike score of
The state tax rate is 1.4 to 10.75% on top of the federal tax rate of 10 to 37%.