Why Live in Carteret
Carteret is a close-knit neighborhood known for its reasonably low taxes and strong local fire and police departments. The community hosts several annual events, including the Charity Christmas Festival at Carteret Park and Ethnic Day, which celebrates the area's diverse cultures with carnival rides, games, and food vendors. Housing in Carteret often sees residents buying homes they grew up in and renovating them, with three- or four-bedroom homes typically ranging between $350,000 to $425,000. The neighborhood is undergoing significant revitalization with the Carteret Waterfront redevelopment project, which includes a film and television studio, office and retail spaces, and a hotel with a rooftop pool. Residents also benefit from new boat slips and ferry services to Manhattan. The Carteret Performing Arts Center, a 1,600-seat theater, offers a variety of entertainment options, including comedy shows and tribute bands. The recent construction of Exit 12 on the NJ Turnpike has improved traffic flow and safety. The new Carteret Junior High opened in 2022, marking the first new educational building in six decades, and students have the option to attend specialized programs at The Middlesex County Magnet Schools. Dining options include the Bus Stop Diner, Tommy's Hot Dogs, and Santini Seafood and Steakhouse. For shopping, residents can visit ShopRite, Walgreens, FedEx, and Dollar Tree. Carteret boasts 11 parks with top-notch facilities, including athletic fields and courts, and Waterfront Park features miniature golf and horseshoes. The neighborhood has a low crime risk compared to the national average, making it a safe place to live.
Frequently Asked Questions
What is the average home price in Carteret, NJ?
Homes for sale in Carteret, NJ have an average home price of $519,083.
How many homes have sold over the last 12 months in Carteret, NJ?
158 homes have sold in Carteret, NJ over the last 12 months.
What are the most popular zip codes in Carteret, NJ?
How much do you need to make to afford a house in Carteret?
The median home price in Carteret is $509,500. If you put a 20% down payment of $101,900 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $2,650 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $114K a year to afford the median home price in Carteret.
How are the schools in Carteret, NJ?
Home Trends in Carteret, NJ
On average, homes in Carteret, NJ sell after 32 days on the market compared to the national average of 50 days. The median sale price for homes in Carteret, NJ over the last 12 months is $505,000, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$505,000
Median Single Family Sale Price
$500,000
Average Price Per Sq Ft
$354
Number of Homes for Sale
19
Last 12 months Home Sales
158
Median List Price
$509,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%
