Wyckoff’s unfamiliar name comes from the Native American word for “high ground.” This quaint New Jersey town is home to just over 16,500 residents and is governed by a township committee. The committee is lead by five committee members who serve three-year terms. The committee ensures that Wyckoff remains a place that focuses on a high quality of life for its residents.
Just 22 miles outside Manhattan, Wyckoff, N.J., makes for a great commuter town. Away from the hustle and bustle of the Big Apple, Wyckoff is characterized by the meandering streams and peaceful ponds for which it was named in the tongue of its original Native American residents. But location and serenity do not come cheap. If you cannot afford to buy a home here, consider town home rentals in Wyckoff.
 |
Town Home Rentals In Wyckoff
What was once home to a number of nomadic tribes before European colonization went through a series of name and boundary changes throughout the 17th, 18th and 19th centuries, the Township of Wyckoff was finally incorporated in November of 1926. Largely a farming and rural community for the first part of the 20th century, Wyckoff is now a highly sought-after suburban community. Noted for its curb appeal, Wyckoff was recently recognized by New Jersey Monthly magazine as a “hot town” in the state. Not surprisingly, the present real estate market reflects this change.
To buy or to rent?
The current real estate market in Wyckoff strongly favors the seller. Appreciation was 10 percent last year, and prices are expected to continue to rise. The average asking price is presently over $1.1 million, with the average sale price in the $840,000 range. While purchasing a property in Wyckoff would be a great investment, it may not be financially feasible. Not being able to afford real estate in Wyckoff’s current market is by no means an excuse to settle for less. Town home rentals in Wyckoff offer the perfect solution.
Town home rentals in the Wyckoff area provide all the benefits of residing in Wyckoff without the heavy cost. The average unit varies between four and six total rooms and one to three bedrooms. Median rent asked for vacant units is roughly $1,500, with many much lower.
by: Karen Kell
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®