Gloucester County, New Jersey is a diverse area of Southern New Jersey. The county has many varied communities from high-end estates with large acreage to average sized apartment complexes. There is a healthy variety of typical single family homes as well as townhouses and condos. It is the land of Wawas and Dunkin Donuts, each within walking distance of each other, and boasts some of the greatest diners and eateries around. Located within a short drive to both Philadelphia, Delaware, and the Jersey Shore, Gloucester County is ultra convenient to many popular locations.
Gloucester County, like the rest of New Jersey, has some of the higher property taxes in our country. But don't get too scared, because the home value and rental markets are strong and there is always a need for quality homes, especially in a time when many homeowners were hit hard after the last declining real estate market. Good, hard-working members of society need solid housing, and as of the writing of this article, we are seeing pockets of the county that have a shortage of rental units. That is great news for the real estate investor.
A properly advertised rental will get solid activity and it isn't uncommon for a rental listed on the MLS to receive multiple rental offers in the first few days and have dozens of calls. Having that competition as a landlord is great because you have a much better chance at finding a great tenant that will pay on time, be a pleasure to work with, and hopefully stay for a long time.
If you are looking to invest in Gloucester County, reach out and let's meet up. We have experience working with foreclosures, REO, flips, multi-units, land, new construction and more.