October's First-Time Homebuyer Report for Collings Lakes

Collings Lakes has a much older population than other areas in New Jersey with a median age of 38 years. It is also less affluent than average with a median income of $63,814 per household. The Collings Lakes market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. Heading the list of top schools in the city is Marine Academy Sci & Tech.

Price Range

The median value of homes in Collings Lakes is $116,800, making it one of the lower priced areas in New Jersey. At the same time, the average list price of available homes is presently $105,188.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Collings Lakes:

$105K   $138K   $138K  

Typical Dwelling

A three-bedroom detached home valued around $102,255 is considered a typical dwelling in Collings Lakes. If a buyer was looking for a similar home, they would need good credit and a $20,451 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $540 and the property tax rate is $23.44 per $1,000 of taxable assessed value.

Get started right now by checking out Collings Lakes homes for sale or reviewing Collings Lakes real estate trends.


Data reported through 10/13/2016

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