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Mount Laurel Real Estate - Real Estate Opportunities in Mount Laurel

homes average considered home

Incorporated in 1872, Mount Laurel is a township steeped in history. A small township, the city measures only about 22 square miles. Many factors combine to make Mount Laurel real estate desirable. Conveniently located near Route 295 and the New Jersey Turnpike, Mount Laurel is convenient for residents who commute to work in either nearby Philadelphia or in the Mount Laurel, NJ vicinity. In 2008, Mount Laurel was voted one of the ten best places to live, based on quality of living, affordability, and its low crime rate. The median family income was recently reported at just under $87,000.

Mount Laurel real estate is affordable. In January, 2010 the average price of a home was just over $258,000. This is well below the national average of around $324,000. Even in this volatile market, average sale prices for homes in Mount Laurel increased about $6,000 over the previous year.

Mount Laurel is a suburban area and is home to more than 40,000 residents. The majority of real estate in Mount Laurel is considered single-family homes, townhouses, and condominiums. Approximately 80 percent of the homes are owner occupied, with the remainder considered rental properties.

Luxurious, executive homes can be found in Mount Laurel’s real estate market. These impressive homes are still considered bargains at price tags in the one million dollar range. Mount Laurel’s smaller starter and retirement homes can be bought in the low to mid $100,000’s. A prospective buyer may be able to secure one of the few foreclosed homes in Mount Laurel’s real estate market.

Mount Laurel is home to six elementary schools, a middle school, and a high school. There are several communities located within the Mount Laurel area. The largest of those communities are Larchmont, Ramblewood, and Rancocas. Desirable, affordable real estate is available throughout Mount Laurel.

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