Whether you are looking to invest in a short-term rental property or a long-term family home, the neighborhood you decide to put your time and money into will be a key factor in whether or not your property will increase in value over time. Luckily, First Equity Funding did the research and found some of the best upcoming neighborhoods to invest in throughout New Jersey.
- Highland Park, NJ
Ranked #4 In Best Places to Live in Middlesex County by Niche.com, Highland Park, NJ is an ideal upcoming neighborhood to invest in for your next home or rental property. A stone-throw away from Rutgers-New Brunswick and the Johnsons & Johnson headquarters, this quaint neighborhood possesses a lively downtown, walkable parks, and highly-rated public schools.
- Collingswood, NJ
Described by the Philly Voice as a “funky suburban enclave,” Collingswood, NJ is a favorite among young families, creatives, and commuters. This upcoming neighborhood is located five miles east of Center City, Philadelphia, and boasts both a rich history and downtown area. With home appreciation up 7.8% in the last decade, Collingswood is a worthy investment for anyone searching for a suburban feel while still wanting to maintain the walkability of city life.
- Kearny, NJ
Only a short drive from Hoboken, Jersey City, Montclair, and the Harrison Path, Kearny can be described as the heart of North Jersey. In an article by the New York Times, Kearny was characterized as a “hybrid between the city and the suburbs.” This upcoming neighborhood has a newly thriving commercial district, an abundance of diverse dining destinations, and unbelievably affordable properties given its accessibility to the city. It was also recently predicted by Zillow that the median value of single-family homes will rise 3.5% within the next year, making investing worthwhile for both families and flippers alike.
- Cherry Hill, NJ
Located in Camden County, Cherry Hill is a suburb of New Jersey that sits right on the border of Philadelphia. With its high performing schools, inexpensive homes, and low crime rates, Cherry Hill is a great place to live for new families. This upcoming neighborhood provides its residents with a very suburban feel while being less than 10 miles from Philly. With an average annual appreciation rate of 2.65%, Cherry Hill is a neighborhood investors should keep their eye on!
At First Equity Funding, we not only offer asset-based loans for purchasing your next property, but we walk the complete path with you. Through helping you to assess and identify investable opportunities, ensuring quick approval on loans, and providing construction consultancy, we are here to make sure that your investment is completed on schedule. Get funded on your next investment property with us and get a quote today!
