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Homeownership increasingly less appealing in much of New Jersey

Rising sale prices and high property taxes make renting a more affordable option
CoStar Analytics
April 18, 2025 | 2:23 P.M.

Amid rising macroeconomic uncertainty and strained household budgets, residents across New Jersey are balancing competing living preferences against the stark reality that homeownership costs are growing much faster than rents in the apartment market.

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