Tenafly Home Rentals On the Rise – A Sign Of The Times

Tenafly Rentals on The Rise

While the current marketplace presents great purchasing a opportunities for many buyers with historically low-interest rates and home prices,  many buyers and sellers feel uncertain about the future. This uncertainty leads many to delay their decisions to purchase and instead decide to rent.

The rental market in Bergen County and  in Tenafly in particular have seen a steady rise in the number of residential rentals since the housing market peaked in 2005. Tenafly’s  excellent school system draws many of the undecided buyers who opt to rent first .

Here are some recent rentals in Tenafly

Tenafly – 85 Oak Street – Rented for $3600/month

Tenafly – 57 Howard Park Dr – Rented  for $5100/month

Tenafly 55 Ridge Road – Rented for $7300/month

Residential Units rented in the first 8 months of each year