Frenchtown is a small city in New Jersey with a median income of $64,157 per household. Besides being less affluent than average, its population is younger than others with a median age of 42 years. The Frenchtown market is primarily made up of condos and townhouses, currently accounting for 25% overall. The best schools in the city are Thomas B Conley Elementary School and Union Twp Middle School.
Homes in Frenchtown are generally less expensive than others in the state with a median home value of $207,100 and an average list price of $642,952. The Frenchtown market pulled back this week but remained much stronger than normal as sales slid 50.0% to one home sold over the last 30 days.
Curious as to which homes have been getting the most attention in Frenchtown? These listings have stirred up interest and produced the most views:
A three-bedroom townhouse valued around $1,049,667 is considered a typical dwelling in Frenchtown. If a buyer was looking for a similar home, they would need good credit and a $209,933 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,960 and the property tax rate is $20.09 per $1,000 of taxable assessed value.