Why Live in Kinnelon
Kinnelon, located in northern New Jersey, is a suburban area less than 40 miles west of New York City, known for its spacious lots and diverse home styles. The neighborhood features a mix of single-family homes, including midcentury modern, contemporary, colonial, and ranch-style homes, particularly in the Smoke Rise gated community. Homes in Smoke Rise sit on at least an acre of land, with prices ranging from $700,000 to $2 million. The eastern side of Kinnelon offers homes priced between $550,000 and $850,000. The Kinnelon School District is highly rated, attracting families to the area. Kinnelon boasts numerous parks and recreational spaces, such as Silas Condict Park, which spans over 1,500 acres and offers trails, lakes, and historic sites. Nearby, Farny State Park and Splitrock Reservoir provide additional outdoor activities like fishing and kayaking. Route 23, located on the north side, is lined with shopping and dining options, including big-box stores and local eateries. The area experiences heavy snowfall in winter and averages about four inches of rain per month during the summer. Kinnelon Day, an annual community event, features music, activities, and fireworks, fostering a close-knit atmosphere. The neighborhood is safer than the national average, making it a desirable place to live. Commuters benefit from proximity to Interstate 287 and public transportation options, with New York City accessible within 35 miles.
Frequently Asked Questions
What is the average home price in Kinnelon, NJ?
Homes for sale in Kinnelon, NJ have an average home price of $962,930.
Are home prices dropping in Kinnelon?
Yes, home prices in Kinnelon are down 2% in the last 12 months.
How many homes have sold over the last 12 months in Kinnelon, NJ?
164 homes have sold in Kinnelon, NJ over the last 12 months.
What are the most popular zip codes in Kinnelon, NJ?
How much do you need to make to afford a house in Kinnelon?
The median home price in Kinnelon is $825,000. If you put a 20% down payment of $165,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $4,290 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $184K a year to afford the median home price in Kinnelon.
How are the schools in Kinnelon, NJ?
Home Trends in Kinnelon, NJ
On average, homes in Kinnelon, NJ sell after 45 days on the market compared to the national average of 50 days. The median sale price for homes in Kinnelon, NJ over the last 12 months is $810,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$810,000
Median Single Family Sale Price
$850,000
Median 2 Bedroom Sale Price
$338,500
Average Price Per Sq Ft
$362
Number of Homes for Sale
20
Last 12 months Home Sales
164
Median List Price
$825,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%