Cedar Grove New Jersey
Cedar Grove New Jersey Real Estate Trends
Cedar Grove is a township located in north Essex County, New Jersey. With a population just over 12,000, this township was ranked the 4th Best Place to Live in Essex County and the 17th Best Place to Live in the state of New Jersey. There are three sections of Cedar Grove that include the North End, South End and Central Cedar Grove. There is a balance of commercial properties and residences, making it easy to work and live in Cedar Grove. For example, Route 23 offers many small businesses and restaurants, as well as an auto body shop, hairdresser and supermarket.
The median home value for Cedar Grove is $438,600 according to Zillow, with 96 percent of the homes being single family. The remaining 4 percent of properties are condos, making Cedar Grove an ideal choice for high-income singles, wealthy couples with children and seniors over age 65. More than 15 percent of homes have an income over $200,000, with the median income for families being $94,475.
With the demographics and home values in Cedar Grove, it’s not surprising to see that real estate here has remained steady. Home values have dropped very little, especially compared to other parts of the country. In fact, with the slow construction and low competition, the market in Cedar Grove has been in line with the expectations, and properties have increased in value since the housing recession plummeted in 2008 and 2009.
Cedar Grove is an excellent place for both singles and families to live, and with the high incomes of the residents, many carry a higher education. If you do have children, there is a solid school district in place that serves students from kindergarten through twelfth grade. The schools in the Cedar Grove Public School District include:
North End Elementary, K-4
South End Elementary, K-4
Cedar Grove Memorial Middle School, 5-8
Cedar Grove High School, 9-12
There are also two nonpublic schools in Cedar Grove: Washington Academy and St. Catherine of Sienna School.
For more information on Cedar Grove NJ visit: http://www.cedargrovenj.org/