Home values in Ocean County are skyrocketing! But you’ve thought to yourself, “If I sell, where would I live?” There are many options open to you if you decide to sell your Ocean County home; you could choose to move to warmer weather down south, staying in NJ in a less expensive area, or benefit from the tax advantages of Delaware or the uniqueness of Pennsylvania. Maybe moving closer to NYC or even overseas is something you’d be interested in. But first, let’s find out what your current home is worth, which will give you an idea of what you can spend on your new home, whether buying or renting.
Ocean County Estimated Home Values Increases in the last 2 years:
- Brick – Up 30.92%
- Toms River – Up 32.66%
- Bayville – Up 35.18%
- Lanoka Harbor – Up 35.82
- Forked River – Up 31.27%
- Waretown – Up 18.4%
- Barnegat – Up 36.53%
- Manahawkin – Up 40.71%
What’s Your Ocean County Home Worth? Get a FREE, Instant Valuation
If you sell, where would you live? If you’re looking for somewhere that’s cheap and the weather is good, you’re in luck. A recent study from PropertyShark ranked the cheapest places to live in America with the best weather. The result? Americans looking for both mild climates and affordable homes will mostly find options subtropical regions of the South and the Southeast.
The 15 Cheapest Places to Live in America (With Good Weather):
- Charlotte, North Carolina
- Raleigh, North Carolina
- Columbus, Georgia
- Mobile, Alabama
- Greensboro, North Carolina
- Norfolk, Virginia
- Jackson, Mississippi
- Shreveport, Louisiana
- Nashville, Tennessee
- Tallahassee, Florida
- Chattanooga, Tennessee
- Jacksonville, Florida
- Memphis, Tennessee
- Baton Rouge, Louisiana
- Birmingham, Alabama
Thinking of staying in New Jersey? Living here can be expensive with a median home price of $435,000 and median monthly rent of $2,500, but there are plenty of affordable cities here that you can call home! There are some budget-friendly housing options, safe neighborhoods, and tons of outdoor recreation, while also being a short commute away from more expensive areas like New York City and Philadelphia. Take a look at these five affordable places to live in New Jersey!
- Hightstown
- New Brunswick
- Phillipsburg
- Pompton Lakes
- Rahway
Perhaps you want to stay in Mid-Atlantic area to be close to family and friends.
Delaware offers nice beaches and was named “Most Tax-Friendly State and Most Tax-Friendly State for Retirees” by Kiplinger's Personal Finance Magazine. Other monetary advantages include Social Security benefits are not taxed, there’s no state or local sales tax, no inheritance tax and no personal property tax.
Here are the 10 Most Affordable Places To Live In Delaware
- Cheswold
- Felton
- Elsmere
- Wyoming
- Blades
- Bellefonte
- Townsend
- Delmar
- Delaware City
- Seaford
Pennsylvania is such an eclectic state. Love the big city? Visit Philly, Pittsburgh, or Harrisburg. Prefer the charm of a small town? Jim Thorpe, Lititz, and New Hope are ideal destinations. You can find big city excitement and small-town charm in all corners of Pennsylvania.
The 10 Most Affordable Places to Live In Pennsylvania
- Greenville
- Oil City
- Sugarcreek
- Brentwood
- West Mifflin
- Warren
- Franklin
- Schuylkill Haven
- Pottsville
- Clearfield
Maybe you’re thinking of living near NYC and want easy access to the city without the high price. Check out these affordable alternatives.
- New Rochelle, NY
- Maplewood, NJ
- Stamford, CT
- Yonkers, NY
- Fleetwood, NY
- Tarrytown, NY
Possibly a life overseas is in the cards. Here are the most appealing places to call home based on the cost of living versus the quality of life on offer, the cost and quality of health care, the amount of English spoken, options for how to spend your time, the infrastructure, climate, environment, safety and the ease of establishing legal residency, according to the Live and Invest Overseas annual retire overseas index. Consider these overseas retirement spots for 2022.
The Best Places to Retire Overseas in 2022:
- Cayo, Belize
- Northern Cyprus
- Panama City, Panama
- County Clare, Ireland
- Città Sant'Angelo, Italy
- Salinas, Ecuador
- Phuket, Thailand
- Las Terrenas, Dominican Republic
- Puerto Vallarta, Mexico
- Comporta, Portugal
Bottom Line:
Ideally, you want to sell when demand is high and inventory is low, creating a situation where you sell faster and for more money. But the question is always; where would I live? As you can see, there’s a plethora of choices if you decide to sell your Ocean County home.
What’s Your Ocean County Home Worth? Get a FREE, Instant Valuation
Karl Hess provides expert real estate services to residential buyers and sellers in Ocean County. Contact us today for more information on Ocean County Real Estate and for professional assistance navigating this complex home market.
Sources:
- https://www.narrpr.com/
- https://www.forbes.com/sites/laurabegleybloom/2021/12/31/15-cheapest-places-to-live-in-america-with-the-best-weather/?sh=166ce8e11663
- https://www.extraspace.com/blog/moving/city-guides/most-affordable-cities-in-new-jersey/
- https://www.homesnacks.com/most-affordable-places-in-delaware/
- https://livability.com/topics/education-careers-opportunity/cant-afford-to-live-in-nyc-live-here-instead/
- https://money.usnews.com/money/retirement/baby-boomers/slideshows/the-best-places-to-retire-overseas