Rent to own Homes in Toms River, NJ
Originally named Dover, what is now known as Toms River is a very livable city with over 91,000 residents. Nicely recovered from prior environmental issues, Toms River has become one of the more popular seaside communities on the East Coast. With its many cultural events, venues, shopping and great beaches like Normandy, Monterey, Ocean and Chadwick, it's unsurprising that Toms River is a favorite place for families to settle.
Toms River, NJ is a great place for affordable rent-to-own homes! With a median household income of over $80,145 and a median rent of $1,455, the Toms River, NJ rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Toms River, 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 Toms River, NJ
- Allenhurst
- Allentown
- Allenwood
- Asbury Park
- Avon-by-the-Sea
- Barnegat
- Bay Head
- Beachwood
- Belmar
- Bradley Beach
- Brielle
- Browns Mills
- Brownville
- Cedar Glen Lakes
- Cedar Glen West
- Clearbrook Park
- Cliffwood Beach
- Concordia
- Country Lake Estates
- Cranbury
- Crestwood Village
- Dayton
- Deal
- Dover Beaches North
- Dover Beaches South
- East Freehold
- Eatontown
- Englishtown
- Fair Haven
- Farmingdale
- Forked River
- Fort Dix
- Freehold
- Groveville
- Hamilton Square
- Helmetta
- Hightstown
- Holiday City-Berkeley
- Holiday City South
- Holiday Heights
- Interlaken
- Island Heights
- Jamesburg
- Juliustown
- Keansburg
- Keyport
- Lake Como
- Lakehurst
- Lakewood
- Leisure Village
Neighborhoods in Toms River, NJ
No neighborhoods foundPopular Zip Codes in Toms River, NJ
08754 rent to own homesBuying a Home in Toms River, NJ
Toms River, NJ is seeing rapid growth and Toms River, NJ's' housing market remains not optimal with an average home price that is 35% above the 2023 national average. Toms River, NJ is part of Ocean 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 2023 for county Ocean is 1.47% which is above the national average, which is 0.99%.
Median Home Price in Toms River, NJ
Median Rent in Toms River, NJ
Top Reasons to Live in Toms River NJ
Local Housing The average listing price for homes in Toms River is $270,904, and the median sales price is $188,088, which was calculated from 316 home sales between June and August 2013. Over 85 percent of Toms River's homes are owner-occupied. While this is an attractive seasonal destination, the population is quite stable, with a 92 percent average occupancy rate. The annual residential turnover rate hovers around 13 percent, and nearly a third of all residents have remained in the same home for 5 years or more.
Toms River Schools The city is served by the largest suburban school district in the entire state. Despite this, student-teacher ratios are excellent at around 14:1. There are three local high schools, including Toms River East, North, and South. The middle schools are divided in the same way and are fed by an array of local elementary schools. Toms River High School South was honored as a "Star School" by the New Jersey Department of Education as one of the finest high schools in the state.
Weather in Toms River The city has a subtropical climate, with hot, humid summers and relatively cold winters. The Atlantic Ocean helps to moderate the cold extremes, so average snowfall amounts are only about 24 inches annually. The nicest times of year are spring and fall, both of which feature temperatures in the 60s and 70s with little humidity. The dog days of summer can be sticky, with average highs in the mid-80s and above.
Toms River Neighborhoods Toms River is a healthy-sized coastal town. It's divided into some 27 different neighborhoods, each with its own unique cultural flavor. Most areas are prosperous, safe, and fairly well bustling. Here are details about some of the most popular Toms River neighborhoods: