If you were to believe everything that you see on social media you would think Blackrock has bought all of the houses in the US. Or at least most of the houses that have sold in the last few years. The truth is that Blackrock has not bought one house. They do not buy houses but there is a similar fund that does buy houses by the name of Blackstone. These are not the same funds nor are they controlled by the same people. While many people feel funds like Blackstone are buying all the houses that is not true either. So what is true?
What is the difference between Blackrock and Blackstone?
Blackrock is the largest asset management fund in the world with over 9 trillion dollars under management. Blackrock has had ties to the US government and has enormous power and wealth. Many people assume Blackrock is who buys houses because their name is so close to Blackstone.
Blackstone is a private equity firm that has 880 billion under management. Blackstone owns companies that buy and rent houses in the United States and other countries as well. They also own companies that buy and rent apartment buildings and commercial real estate as well. Blackstone also directly owns real estate.
These are not the same fund and it is important to make the difference because some will say the US government is helping fund corporate ownership of housing because of their ties to Blackrock. when that is not true at all.
Why are housing prices increasing?
Does BlackRock invest in companies that own housing?
While it is true that Blackrock does not own houses or own companies that own houses, they do invest in companies that own houses. Blackrock owns 6.7% of American Homes for Rent, which owns 59,000 homes in the United States. Blackrock shares in the company represent $872,000,000 which may seem like a lot of money but that does not even come close to the top 50 investments Blackrock has. Their number one holding is Apple with more than $176 billion in value and their 50th top holding is Wells Fargo with over $11 billion.
Many people claim Blackrock buys houses because they own some of American Homes for rent but to make that claim you also need to say they build phones, are a bank, and pretty much do everything because they invest in almost every industry.
Why are the corporate housing stats deceiving?
I am seeing more Facebook posts and articles about Blackstone wrecking the housing market because they are buying single-family homes. There are so many bad articles about corporate ownership of housing with bad data that it blows my mind. One article from CNBC claimed there 40% of housing would be owned by corporations by 2030 which is a crazy statement since less than 1 percent is owned by corporations now.
They got this stat from Yardi who claimed:
“Management estimated in a recent research paper that institutions own some 700,000 single-family rentals in 2022, about 5% of the 14 million SFRs nationally. MIM forecasts that by 2030, institutions will increase SFR holdings to 7.6 million homes, more than 40% of all SFRs.”
I reached out to MetLife and they confirmed there was never any research paper published with this data. They did confirm their people had lunch with Yardi people and mentioned some of these estimates over lunch. I asked Yardi for a link or any data to back up these stats and they refused and called me a liar.
There are plenty of papers and stats that show from 300,000 to 500,000 homes are owned by large corporations. When you hear that 28% of homes are bought by corporations those stats include all corporations, the majority of which are mom and pops.
How many properties are hedge funds buying?
Is Blackstone wrecking the real estate market?
The truth is corporations and hedge funds own less than one percent of the 89 million single-family homes. Their share of single-family rentals is going up because more mom and pops are selling than buying. There are 14 million single-family rentals now while there were 15.2 million in 2016. In that same period, owner-occupied single-family homes have increased by more than 10 million. The reason rents are going up is that there are too few rentals not because funds are buying all the houses. Some funds are even building right now which we desperately need.
These big funds are the only ones buying houses to rent and I don’t think families or people who can’t buy should be limited to living in apartments. The video below goes into even more detail talking about bills introduced to stip corporate buyers.
In the ever-evolving world of design, trends come and go, shaping the aesthetic landscape of our living spaces. As we step into the new year, designers find themselves at the forefront of a creative revolution, ready to bid farewell to certain decor trends and colors that have adorned homes for too long. We’re delving into the dynamic realm of interior design, exploring the shifts, evolutions and innovative styles that are set to redefine our living spaces in this year.
Join us on a journey through the anticipated transformations as designers eagerly embrace the wave of change, bidding adieu to familiar motifs to make room for fresh and inspiring design aesthetics.
2023 design trends we’re happy to leave behind
This year has introduced numerous exciting decor ideas to the design realm, yet amidst the innovative concepts, some interior design trends seem overdone. While it’s crucial to honor individual style preferences, there’s a sense of anticipation for a fresh wave of inspiration in the coming year. Embracing your favorite decor pieces is encouraged, but for those eager for a change or seeking new home design ideas, here’s a selection of trends that might benefit from taking a step back.
1. Gray, greige and beige tones
The muted greys and beiges that dominated 2023 design trends now feel overplayed. While these neutrals will never necessarily go out of style, they’re used too much especially due to the large influence of minimalism.
These tones lack personality and can result in a space that feels uninspired and monotonous. Instead of defaulting to the safety of muted greys and beiges, consider injecting some life into your color palette. Experiment with bolder hues or explore the vast spectrum of nature-inspired tones.
Trend to try instead: Bold hues and saturated colors.
2. Checkered pattern play
This year, the checkered pattern in home decor has become somewhat overdone, largely due to the influence of social media influencers who fervently promoted its use. While the pattern itself exudes cool retro vibes, its widespread presence in design circles has created a feeling of saturation. The once-refreshing nod to vintage aesthetics has now reached a point where the checkered pattern has a chequered past.
Trend to try instead: Textural fabrics over patterned ones like natural linen.
3. Overly coordinated decor
The 2023 trend of overly coordinated decor is on the way out, and for good reasons. The meticulous matching of every element in a space, from furniture to accessories, not only demands a significant investment of both money and time but also tends to make homes feel somewhat impersonal. The pursuit of perfection in coordination often results in spaces that lack warmth and character found in a more eclectic and personalized approach.
Trend to try instead: Maximalism.
4. Impersonal spaces
Speaking of impersonal spaces, hiding personal decor should be left to the old 2023 design trends. In the evolving world of interior decor, the idea of hiding personal touches within a home is becoming passé. Instead, there’s a rising inclination toward showcasing personal style, memories and individuality through decor. As we embrace the transition into 2024, the mantra is to let your space reflect your personality openly and tell your story with pride and authenticity.
Trend to try instead: Embracing eclectic and personal decor, like a gallery wall.
5. Overestimating our green thumb
Plants elevate rooms to the next level, bringing color and vibrancy that transforms the atmosphere effortlessly. Natural materials also tend to work well with plants in the interior design world, making plants a fun element to design around. While plants undeniably enhance the appeal of interiors, the misconception that everyone possesses expert-level gardening skills can lead to the neglect of these green companions.
Instead of letting overconfidence overshadow the joy of incorporating plants into your decor, we recommend a more mindful approach to their care and placement. Starting small and adding on is the best way to incorporate plants into decor in the year ahead.
Trend to try instead: Succulents and other low-maintenance plants.
6. Style over comfortability
Will 2024 be the year we finally prioritize comfort and practicality over style when it comes to furniture? The 2023 design trends favoring style over comfort have overstayed their welcome, and there’s a growing realization that a truly inviting and functional living space should prioritize comfortability. Investing in pieces that not only look good but also provide a cozy and functional experience can transform the way we interact with our living environments.
Opposing trend we love: Multifunctional furniture.
7. Choosing trendy over timeless
It’s time to rethink the whole trendy versus timeless design trend. Last year, we saw a ton of trendy pieces taking over interior design trends, like curvy and rounded furniture, sculptural ceramic vases and knot and arch pieces.
But here’s the problem – being too enamored with what’s ‘in’ can make your space feel outdated and impersonal. Acrylic plastic furniture might be modern, but it’s not immune to becoming yesterday’s news. Leave chasing the latest trends behind and focus on picking pieces that feel timeless and can stand the test of time.
Timeless trends we love: mid-century modern design, sustainable design pieces and neutral rugs.
8. Gaudy gold
Before you clutch your gold-set pearls, understand that gold itself will never truly be out of style. The flashy nature of gaudy gold furnishings tends to clash with the timeless, contemporary trend of clean lines and simple elegance.
People are now gravitating towards timeless and versatile pieces that contribute to a balanced and harmonious living space, which doesn’t involve the overuse of gaudy gold. The desire for a more relaxed and refined atmosphere has led to the decline of gold in favor of more subdued and sophisticated design choices.
Think boldly in 2024
We can’t talk about 2023 design trends we want to see retired without touching on an aesthetic we hope to see carried into the new year. Our favorite design trend from last year, which we’re rooting for in the new year, is the emphasis on bold statements. Whether it’s vibrant color choices, daring patterns or eye-catching focal points, the idea of making a statement in design has added a refreshing dynamic to spaces.
Big statements inject personality, spark conversations and create memorable aesthetics. From statement furniture pieces to accent walls that demand attention, this movement invites us to become an interior designer ourselves, break free from the mundane and embrace a more daring, expressive approach to design. Let’s continue celebrating the power of bold statements to elevate our living spaces and make a lasting impression in 2024.
Still in search of the perfect place to turn into your design haven? Browse available apartments and homes for rent to put your creative touch on your dream rental.
Wesley is a Charlotte-based writer with a degree in Mass Communication from the University of South Carolina. Her background includes 6 years in non-profit communication and 4 years in editorial writing. She’s passionate about traveling, volunteering, cooking and drinking her morning iced coffee. When she’s not writing, you can find her relaxing with family or exploring Charlotte with her friends.
MBA’s current president and CEO Bob Broeksmit said in a statement that the real estate finance community was mourning the loss of one of its “great leaders and fiercest advocates.” “Dave Stevens grew up in the mortgage business before serving the industry and its customers both as FHA commissioner during and immediately after the 2008 … [Read more…]
The California Association of Mortgage Brokers (CAMB) released its annual mortgage survey for 2008 this week, claiming that the ongoing housing crisis could lead to a recession if the conforming limit isn’t raised in California.
When asked if the current housing slump will create a recession in 2008, 47 percent of mortgage brokers surveyed said yes, while 43 percent believe the real estate market will not fully rebound until 2009.
“In order to stem the tide of a possible recession, CAMB is calling upon state and federal legislators to designate California a high cost state, which will increase the limit for conforming loans in California and provide a more stable mortgage product for consumers,” said Pete Ogilvie, president of the California Association of Mortgage Brokers, in a statement.
Despite the recession worries, 48 percent of members believe that housing affordability will get a little better in 2008 and 17 percent believe it will get a lot better.
“While home prices will continue to decrease into 2008, more stable loan products will reappear for consumers looking to purchase a home,” said Ogilvie. “2008 will be the year of market self-correction, and should also reward those who have been waiting for affordable housing prices.”
Fifty-five percent of those surveyed believe the FHA loan will return to popularity in 2008, while 18 percent feel products such as mortgage insurance will rise in popularity.
At the same time, 59 percent of members believe that qualifying borrowers will be more difficult in 2008 due to tighter underwriting standards, especially for those with below-average credit scores.
And 41 percent think it will be more difficult to find a loan program for qualified borrowers next year.
Additionally, 60 percent of those surveyed believe cash-out refinances will decrease in 2008 as homeowners will likely be wary of refinancing their homes during a declining market, assuming they have any home equity to begin with.
Finally, 31 percent of surveyed members believe that April-June of 2008 will be the best time to buy a home, with 28 percent saying the January-March period will be the right time.
The city of Laguna Beach, Calif. recently offered details of its city-sponsored aging-in-place program, dubbed “Lifelong Laguna,” in a profile published by CNBC. It provides new insight into the measures cities can explore to more easily facilitate aging-in-place goals for older residents.
2021 research from AARP indicates that 77% of adults at or over the age of 50 want to stay in their homes as they get older, but the figure in Laguna Beach is much higher. There, the figure is closer to 90% according to Rickie Redman, director of Lifelong Laguna.
Originally piloted in 2017, Lifelong Laguna is a program that enlists a local area nonprofit to encourage support for aging in place.
“Lifelong Laguna is based on the Village movement, where aging in place is encouraged with community support,” the story reads. “The Laguna Beach program aims to fulfill a specific need for a city where approximately 28% of residents are age 65 and over, while local assisted living and memory care services are scarce.”
Much of the city’s older population has lived in Laguna Beach since they were in their 20s and 30s. Now in their 70s and 80s, they simply do not want to be displaced to live somewhere else, even if another area or dedicated facility could more easily attend to their needs as they age.
“They make this city unique,” Redman told CNBC, saying many of the older residents can trace their journey here to the city’s “artistic roots,” the story explained. “They’re the placeholders for the Laguna that we now know.”
The program currently serves about 200 older residents, and there is no direct cost to them for participating. It is entirely funded by grants and local fundraising efforts, according to Redman.
“Its services address a wide range of needs, including a home repair program the city operates in collaboration with Habitat for Humanity, nutrition counseling and end-of-life planning,” the story explained.
Other cities and communities have adopted similar systems, as aging-in-place preferences have increased dramatically since the onset of the COVID-19 coronavirus pandemic. Data from Genworth Financial indicates that roughly 70% of the 10,000 baby boomers who will turn 65 every day until 2030 will require long-term care at some point in their later lives, CNBC reported.
“There definitely is a mindset change, where people are saying, ‘I do want to stay put, I don’t necessarily want to move into a nursing home or into assisted care,’” said Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors (NAR) to CNBC.
One beneficiary of the Laguna Beach program told the outlet that her needs have been attended to very promptly, from assistance with yard clean-up to the organization of end-of-life services for her recently deceased husband.
“Anything that I’ve needed, I’ve gotten help,” said Sylvia Bradshaw, an 84-year old Laguna Beach resident when describing her membership in the program.
There are many steps to the homebuying process. If you’re taking out an FHA loan (a loan backed by the Federal Housing Authority) to buy a property, you’ll most likely need to get an appraisal to verify the value and condition of the home. Let’s take a closer look at how FHA appraisals work, what to expect, and how to prepare as a homebuyer.
Understanding FHA Appraisals
An FHA loan appraisal is an in-person assessment performed by an accredited appraiser. The purpose of the appraisal is to evaluate how much a house is worth and determine if it meets minimum safety and livability standards. The appraisal is sent to the lender for further evaluation before a FHA loan can be approved. FHA appraisals are typically required whether the borrower is buying or refinancing a home with an FHA loan. 💡 Quick Tip: Don’t have a lot of cash on hand for a down payment? The minimum down payment for an FHA mortgage loan is as low as 3.5%.1
Differences Between FHA and Conventional Appraisal
Whether a borrower is seeking an FHA loan or a conventional loan, an appraisal estimates the fair market value of a home based on the property condition and nearby home values. But FHA loans must meet the minimum standards set by the U.S. Department of Housing and Urban Development (HUD). This means that FHA appraisals also consider the health and safety of the property, while conventional appraisals focus on the property’s value and condition. FHA lenders may require that any health and safety hazards be addressed before approving the mortgage.
Role of FHA Appraiser and Their Requirements
FHA appraisers follow HUD guidelines for minimum property standards. During the appraisal, they analyze and report a property’s physical and economic characteristics to provide an opinion of its value. HUD requires FHA appraisers to have state certification and meet the minimum certification criteria issued by the Appraiser Qualification Board.
First-time homebuyers can prequalify for a SoFi mortgage loan, with as little as 3% down.
How Do FHA Appraisals Work?
An FHA loan appraisal involves two steps. The appraiser will complete a site visit to inspect the property condition and perform market research for comparable homes in the area to estimate the market value of the home.
The appraiser will inspect the home’s interior and exterior to determine the property’s safety and soundness. The appraiser’s findings, plus information on the home like square footage and the year it was built, are cataloged in HUD’s Uniform Residential Appraisal Report.
To estimate the property’s value, the appraiser evaluates the selling prices for comparable homes in the same area that were recently sold. This information, combined with the property’s condition and characteristics, is used to estimate the market value.
Recommended: The Ultimate Home Inspection Checklist
What’s the Purpose of an FHA Appraisal?
FHA appraisals are required by lenders to ensure that the loan amount doesn’t exceed the market value of the property. The appraisal process is also used to determine that a property meets FHA standards for health and safety.
Differences Between Appraisal vs. Home Inspection
The appraiser only factors in readily observable conditions. A home inspection, by comparison, is much more in-depth in its assessment of a property’s need for repairs.
Besides the property value, the criteria evaluated during an FHA appraisal include the safety, security, and soundness of a home. In other words, the home should be safe for occupants to inhabit, protect the security of the property, and not have physical deficiencies or conditions impacting the structural integrity and ability to market it for future sale.
Appraisers are required to describe the property conditions, including any renovations, necessary repairs, or deterioration. Minor issues, such as missing handrails, cracked windows, or worn countertops, do not require automatic repair.
Safety and Structural Standards
In terms of occupant health and safety, the FHA appraisal looks out for exposure to hazardous materials, such as lead paint and asbestos. Mold, radon gas, and poor insulation are other potential safety risks that would be flagged in an appraisal. The overall property structure needs to be in sufficient condition to keep occupants safe. This means that damage to the foundation, structural decay, or anything that impacts the long-term integrity of the home would not meet FHA requirements.
Compliance with Minimum Property Standards (MPS)
FHA appraisals follow the Minimum Property Standards (MPS) set by HUD. The MPS establishes baseline conditions to cover aspects of a property that aren’t met by model building codes. For example, the MPS covers doors, gutters, and wall coverings to ensure the property value is not impacted by the quality of these components.
What to Expect from an FHA Appraisal
Being prepared for an FHA appraisal can help streamline the loan application and homebuying process. Here’s what to expect from an FHA appraisal:
Appraisal Timeline and Duration
The duration of an FHA appraisal site visit varies by property size and condition, but plan for it to take between one and several hours to complete. The full appraisal report is usually complete within a week.
Common Issues That Can Affect the Appraisal Outcome
There are a number of issues and property conditions that the FHA requires to be remedied for loan approval. Some common issues include:
• Roof condition or damage
• Exposed wires
• Water heater temperature and pressure relief valve
• Damaged foundation
• Peeling paint (for homes built before 1978)
Conditions That Won’t Pass FHA Inspection
It’s important to know what won’t pass the FHA inspection. Any property conditions that impact the safety and health of occupants could need to be addressed in order to get FHA loan approval. Besides the common issues outlined above, hazards, nuisances, and obstructions to property access could fail to pass FHA inspection. For example, the level of traffic or proximity to a hazardous waste site could violate FHA standards.
Factors That Can Affect Property Valuation
Property valuation accounts for the home condition, square footage, any renovations, and the number of bedrooms and bathrooms. The appraiser must observe neighborhood characteristics and surrounding properties to make determinations that will be incorporated into the valuation of the property.
FHA Inspection Checklist and Tips
Sellers can plan ahead and fix what won’t pass FHA inspection to avoid delays and improve the marketability of their home. Here’s how to address some common issues that could cause a property to fail an FHA appraisal.
• Roof repair: Fix leaks and consider a new roof if life expectancy is less than three years.
• Chipped or peeling paint: Scrape and repaint peeling surfaces if property was built prior to 1979.
• Water heater: Ensure the water heater has a pressure and temperature relief valve and sufficient piping.
• Plumbing: Repair all toilets, showers, and sinks that aren’t in working order as leaky plumbing won’t pass FHA inspection.
Both the inspection and the home’s appraised value are critical to FHA loan approval. Sellers and their real estate agents are permitted to communicate with an appraiser to offer additional property information that can contribute to the valuation of the home. Gathering documentation beforehand on any home improvements can ensure the appraiser has everything needed for an accurate valuation.
Recommended: What Are the Most Common Home Repair Costs?
What Happens After an FHA Appraisal?
The FHA appraisal report will provide the estimated market value and outline any required repairs or alterations that need to be completed for FHA loan approval.
What to Do if the Home Sale Appraisal Comes Back Low
If an FHA appraisal comes back low, there are several possible scenarios. The seller can lower the sale price to accommodate the appraised value. Alternatively, the buyer can renegotiate to lower the price and potentially contribute a larger down payment to cover the portion of the home price that is not covered by the FHA loan. As a last resort, a buyer would be permitted to walk away from the deal if the FHA lender’s requirements can’t be met.
What to Do if the Refinance Appraisal Comes Back Low
If refinancing with a FHA loan and the appraisal comes back low, there are a few courses of action available to borrowers. First, review the appraisal report to see if an appraiser missed anything important. If so, providing the correct information to get another appraisal could result in a higher appraised value.
If disputing the appraisal isn’t an option or successful, borrowers can consider restructuring the loan to take less cash out. Finally, the loan can be denied if the terms are not beneficial to the borrower.
What to Do if the Appraiser Requests Further Repairs
The appraisal may identify repairs that need to be completed to close on the loan. Unless otherwise outlined in the purchase and sale agreement, sellers are typically on the hook for repairs. The sellers have up to 120 days to make necessary repairs and meet FHA standards if required by a lender.
Alternatively, buyers can pay for the repairs themselves. If the issues impact the health, safety, and livability of the property, they’ll need to be completed prior to closing. Other non-safety repairs can be completed after closing. Note that delayed repairs may require an extra escrow holdback for the estimated costs.
Once repairs and issues have been addressed, the property can be reassessed. Borrowers can consider a FHA 203(k) loan to finance both the purchase and rehabilitation costs through a single loan if the repairs are an obstacle to closing. Buyers might consider renegotiating their offer to reflect the repair costs being financed.
If appraisal-related issues are delaying closing, buyers can consider a mortgage rate lock to secure their interest rate for a set period. This can help buy more time for repairs to be made without losing out on favorable loan terms.
What to Do if the Appraisal Comes Back at or Higher Than the Expected Amount
The loan simply moves forward if the appraisal comes back at or higher than the expected amount, barring any request for further repairs.
How Long Is an FHA Appraisal Good For?
FHA appraisals are valid for 180 days unless it’s updated. If updated, an appraisal can be good for up to one year.
The FHA appraisal influences loan approval in two key ways. First, the appraisal evaluates the property condition and identifies if any repairs or further inspections are required for loan approval. Second, the appraised value determines the total loan amount a buyer is approved for. If the appraised value is lower than the purchase price on the contract, either a price reduction or larger down payment could fill the gap to get loan approval.
How Long Do You Have After Appraisal to Close an FHA Loan?
Repairs aside, how long can you wait after the appraisal to close on an FHA loan? It helps to understand how long an FHA appraisal is good for. Once the borrower and lender receive a copy of the FHA appraisal, it’s valid for 120 days. However, borrowers can request a 30-day extension to allow more time to close on a FHA loan.
A conditional approval from the lender will outline the required repairs to be made in order to close. After the appraisal is approved in underwriting, the loan will most likely be cleared to close. Prior to closing, borrowers will receive a mortgage closing disclosure which outlines the total funds needed to close. 💡 Quick Tip: When house hunting, don’t forget to lock in your home mortgage loan rate so there are no surprises if your offer is accepted.
The Takeaway
FHA appraisals estimate a property’s value and assess its condition to determine if it meets safety and livability standards set by HUD. Understanding the conditions and issues that won’t pass FHA inspection is important for buyers and sellers alike.
SoFi offers a wide range of FHA loan options that are easier to qualify for and may have a lower interest rate than a conventional mortgage. You can down as little as 3.5%. Plus, the Biden-Harris Administration has reduced monthly mortgage insurance premiums for new homebuyers to help offset higher interest rates.
Another perk: FHA loans are assumable mortgages!
FAQ
How does the appraised value affect the loan amount?
With FHA loans, the appraised value of the property determines the loan amount a borrower can qualify for.
Can you contest an FHA appraisal?
Yes, you can contest an FHA appraisal and provide additional information to inform the property valuation. However, there’s no guarantee that the appraiser will change the valuation.
What happens if the property doesn’t meet FHA requirements?
If a property doesn’t meet FHA requirements, buyers can ask the seller to make the necessary repairs. Alternatively, buyers can consider other types of home loans, such as a conventional mortgage.
Photo credit: iStock/valentinrussanov
SoFi Loan Products SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
SoFi Mortgages Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.
¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
From the New York City region to Greater Philadelphia, the gorgeous Skylands to the Pine Barrens to the real Jersey Shore, it’s a vast, diverse and growing state. But where are the best places to live in New Jersey? Thankfully, they are all over the state.
Many of these livable towns are understandably clustered in the flourishing, gentrifying North Jersey cities that act as Manhattan bedroom communities. But from the shore to the Ivy League, there are many amazing places to call home all over the Garden State.
Population: 71,245
Average age: N/A
Median household income: $105,022
Average commute time: 28.1 minutes
Walk score: 48
Studio average rent: $1,423
One-bedroom average rent: $1,678
Two-bedroom average rent: $2,127
Just five miles from the Benjamin Franklin Bridge into Philadelphia is the South Jersey township of Cherry Hill. It is a bedroom community for many workers in Philadelphia, as well as places like Trenton and Princeton.
With an average commute time of just under 28 minutes, it’s a convenient central location. Both New Jersey Transit and PATCO have rail station stops in Cherry Hill. Cherry Hill Station serves the Atlantic City Line and Woodcrest Station sits on the Lindenwold Line. For auto commuters, the New Jersey Turnpike and Interstate 295 also pass through the eastern section of the city.
But to many people in the area, the primary destination in the city is the 160-store Cherry Hill Mall. Dating back 60 years, the super-regional indoor shopping center was the first in the Eastern U.S. And Chick’s Deli has been a destination for cheesesteak and hoagie lovers from all over Philadelphia for decades.
Photo source: Rent. / 207 Freeway Dr E
Population: 64,876
Average age: 41.3
Median household income: $48,072
Average commute time: 42.7 minutes
Walk score: 73
Studio average rent: $1,334
One-bedroom average rent: $1,513
Two-bedroom average rent: $2,298
East Orange is the largest of New Jersey’s “The Oranges.” It sits on the western border of Newark, and its central location in northeastern Jersey makes it as convenient to Midtown Manhattan as it is to the rural highlands and even the Meadowlands. It’s also one of Jersey’s most affordable cities with one-bedrooms leasing for an average of $1,086 monthly and two-bedrooms for just $1,373.
The family-friendly commuter community offers five city parks, a number of playgrounds, the multipurpose Paul Robeson Stadium and the interactive Jersey Explorer Children’s Museum.
As part of one of the state’s Urban Enterprise Zones, residents pay sales taxes half that of the rest of Jersey. And the city is also home to East Orange General Hospital, as well as the East Orange Veterans Affairs Medical Center.
East Orange is one of the nation’s most established African-American communities. Nearly 90 percent of residents identify as Black, one of the highest rates in the nation. Within that demographic is a significant representation of those with Caribbean ancestry. In fact, Orange’s 2.9 percent population of Guyanese-Americans is the largest percentage in the country.
Population: 129,361
Average age: 38.6
Median household income: $48,407
Average commute time: 33.1 minutes
Walk score: 77
Studio average rent: $844
One-bedroom average rent: $1,086
Two-bedroom average rent: $1,373
Situated at the south end of Newark Bay just across from Bayonne is the city of Elizabeth. New Jersey’s fourth-largest city, Elizabeth is also one of America’s greenest. Based on its infrastructure including electricity, public transportation usage, recycling, certified buildings, public preserves, how residents view climate initiatives and more, it’s one of the top green cities in the nation.
With its relatively easy access to the Atlantic Ocean and channels to the Great Lakes, Elizabeth has long been one of the northeast’s shipping hubs. The Port Newark–Elizabeth Marine Terminal is one of the busiest ports in the entire world. And just to its north, Newark International Airport (the 12th busiest in the nation) actually lies half within Elizabeth. And right in the middle is The Mills at Jersey Gardens, the New York City area’s largest outlet mall.
But what sets Elizabeth out from the crowd is its affordable rents. With an average studio renting for $844 a month, a one-bedroom for $1,086 and a two for $1,373, you would be hard-pressed to find cheaper rent prices anywhere else in the tri-state region.
Photo source: Rent. / 210 Main Street
Population: 44,719
Average age: 43.3
Median household income: $70,090
Average commute time: 39.7 minutes
Walk score: 72
Studio average rent: $1,726
One-bedroom average rent: $1,903
Two-bedroom average rent: $2,365
A quarter-century ago, Richard Pryor’s “Brewster’s Millions” painted Hackensack as, well, kind of a sad sack city. Even Billy Joel asked, “Who needs a house out in Hackensack?” But both entertainers would be pleasantly surprised to find Hackensack the diverse, exciting, in-demand city it is today.
Just a half-hour northwest of Times Square, Hackensack is a vibrant suburb and a gateway to the natural lands of northwest Jersey.
It’s a walkable urban setting filled with parks and recreation and home to Hackensack University Medical Center and half the campus of Fairleigh Dickinson University. Its quaint downtown along Main Street is just a block from the river. And tucked away in its extreme northeastern corner are The Shops at Riverside, an upscale shopping center along the river at Hackensack River County Park.
One of Hackensack’s strengths is its diversity. Almost 40 percent of its residents are immigrants, and nearly half speak a language other than English at home. Upwards of 47 percent of Hackensackians are white, while nearly a quarter are Black and over a third are Hispanic.
Population: 54,144
Average age: 37.8
Median household income: $147,620
Average commute time: 48.8 minutes
Walk score: 96
Studio average rent: $2,675
One-bedroom average rent: $3,252
Two-bedroom average rent: $4,004
There are fewer rags to riches stories more robust in New Jersey than Hoboken. Just ask the Cake Boss. Once a smoggy, inaccessible industrial port city, today’s Hoboken is one of the most desirable and fashionable addresses in the Garden State.
Hoboken’s redeveloped riverfront sits directly across the Hudson from Chelsea and Greenwich Village. The city is rife with century-old brownstone apartments and houses, beloved by upscale residents and transplants from over the river in Manhattan. The homes are interspersed with gleaming apartment high-rises and reclaimed tenement towers with stellar views.
The city has quickly become home to young professionals, Wall Street commuters and artists and musicians. This has driven rent prices through the roof, to some of the highest in the state. An average studio runs $2,675 a month up to $5,741 for a three-bedroom.
With a walk score of 96, trendy cafes, retail shopping, gourmet restaurants, friendly parks and exciting nightlife are just out the front door for many in the city.
But while Hoboken has enough to occupy any lifestyle, many residents work and play across the river in New York. Hoboken Terminal is a major hub for New Jersey Transit, PATH and the MTA, and 56% of ‘Bokens use public transportation, the highest rate in America.
Population: 265,871
Average age: 39.4
Median household income: $70,752
Average commute time: 46.5 minutes
Walk score: 89
Studio average rent: $2,354
One-bedroom average rent: $2,864
Two-bedroom average rent: $3,980
Cradling Hoboken to its south and west is another Hudson River success story in Jersey City.
Covering most of the land on the upper Bergen Neck peninsula, Jersey City is home to Liberty State Park, the gateway to the Statue of Liberty and Ellis Island. It sits just across from New York City, facing Lower Manhattan and the Financial District, Battery Park and northwestern Brooklyn.
Jersey City’s downtown is along its waterfront. North of Liberty Park, downtown is a collection of bars and eateries, retail shopping, residential high rises and corporate towers. It’s also the heart of the Jersey City banking and finance industry. Exchange Place, also known as “Wall Street West,” is one of the nation’s largest finance hubs.
Outside of downtown, Jersey City has a number of shopping districts. Journal Square and Newport Mall are key retail cores, along with the Danforth, Central and West Side Avenue corridors.
Over 40 percent of Jersey City residents ride public transit, the second-highest percentage of any large city in the U.S. The city offers four PATH stations and 13 Hudson–Bergen Light Rail stations as well as a number of ferries into New York.
Population: 18,795
Average age: 42.1
Median household income: $96,545
Average commute time: 29.9 minutes
Walk score: 71
Studio average rent: $2,656
One-bedroom average rent: $2,613
Two-bedroom average rent: $3,333
If Morristown were good enough for George Washington, it’s surely good enough for you. The Morristown National Historical Park, spread throughout the borough, traces the history of where Washington and his troops encamped several times during the Revolutionary War.
Aside from its history and the tourists it attracts, Morristown is a residential exurban town close enough to Manhattan for a reasonable commute but far enough away to feel secluded from city life.
The city offers a minimal half-hour average commute time. It is convenient to nearly all of Central and North Jersey, and a workable 70-minute train ride to Manhattan. Morristown Station serves the New Jersey Transit Midtown Direct train into Penn Station.
With a median household income of around $100,000, it’s a pretty exclusive locale. One- and two-bedroom apartments in Morristown lease for $2,613 and $3,333 a month, respectively. But limited opportunity creates demand as the town has a population of under 19,000.
Population: 282,352
Average age: 38.6
Median household income: $35,199
Average commute time: 44.2 minutes
Walk score: 78
Studio average rent: $1,691
One-bedroom average rent: $2,139
Two-bedroom average rent: $2,694
For those that enjoy the bustle of city life over suburban isolation, Newark is the perfect locale.
With a population of over 282,000, Newark is the largest city in New Jersey. It’s also one of the nation’s most convenient. It’s home to Newark-Liberty Airport and two major commuter train stations. Newark Broad Street offers access to four New Jersey Transit lines and Newark Light Rail, and Newark Penn Station is a stop for five NJT lines, 11 Amtrak and Acela runs, Light Rail and PATH service into Lower Manhattan.
As opposed to many other New Jersey cities, Newark is a hub for inbound commuters rather than a bedroom community. Pre-pandemic, over 100,000 workers commuted into Newark every day, though a large number continue to. It’s the leading economic center for the insurance, finance, healthcare, education, legal and international shipping industries in the state. And despite its gritty reputation, it’s a very livable city.
Newark is a diverse city of hardscrabble blue-collar workers, young professionals, singles and naturalized citizens.
The average age is a low 38.5. And the median household income is a hardworking $35,000. But there is much to do. The New Jersey Performing Arts Center features the New Jersey Symphony Orchestra and the New Jersey State Opera. The Newark Museum of Art is the largest museum of any kind in the state. The city offers a number of parks from Colonial Commons to the Passaic Riverfront.
And the 15-year-old Prudential Center is home to the NHL’s Devils, the state’s only indoor major league franchise, and Big East basketball as well as large-scale concerts and touring shows.
Population: 30,723
Average age: 41.6
Median household income: $137,672
Average commute time: 34.9 minutes
Walk score: 26
Studio average rent: $2,263
One-bedroom average rent: $2,424
Two-bedroom average rent: $3,024
Talk about a college town. Princeton is a leafy, convenient, high-quality small city. It’s just a 20-minute drive into Trenton, the state capital, and equidistant from Center City Philadelphia and Lower Manhattan. But one never needs to leave Princeton to enjoy the Ivy League life.
Of course, both the reputation and economy of Princeton surround the university. The centralized campus is an educational, cultural and entertainment hub for the city, but there is much to life off-campus. The most popular corridor is the shopping and dining district along Nassau Street. This includes popular locations like Princeton Record Exchange, P.J’s Pancake House, Hoagie Haven and the stores in Palmer Square.
With superior public and private schools, a stop on Amtrak and New Jersey Transit lines, high quality of life, and a low crime rate, Princeton often finds itself at the top of “Best Places to Live” rankings. But that quality comes at a price. The median household income climbs to near $140,000. And even with all those students, rents are pricy at $2,424 for an average one-bedroom and $3,024 for two.
Population: 88,763
Average age: 45.5
Median household income: $79,607
Average commute time: 37.1 minutes
Walk score: 38
Studio average rent: N/A
One-bedroom average rent: $1,177
Two-bedroom average rent: $1,744
The only Jersey Shore location on this list. Is it Wildwood? Beach Haven? Asbury Park? Nope. It’s the residential, family-friendly beach-and-shore town of Toms River.
The suburban ying to nearby Seaside Heights’ yang, Toms River is less Snooki and more Little League baseball, strollers at the park and mall food courts. That doesn’t mean Toms River is in any way boring.
Situated about 80 minutes from both New York and Philadelphia, Toms River is a popular summer home destination for families. But for most, it’s a year-round compromise between suburbs and shore.
Most of the township is on the mainland. Inland sites include Ocean County College, which features Novins Planetarium and The Grunin Center for the Arts. Also nearby is Community Medical Center. And the super-regional Ocean County Mall is one of the largest suburban-style indoor malls along the shore.
Toms River’s downtown is on the south end along Main and Water streets, featuring a number of restaurants, cafes, bakeries and retail stores, along with recreational Huddy Park. On the north end jutting out into Barnegat Bay is marshy Cattus Island County Park. And held annually is the Toms River Halloween Parade, the second-largest Halloween parade in the world behind only New York City’s.
But it’s not all malls and soccer fields. Dover Beaches North and South are also part of Toms River Township. These beach towns lie on Barnegat Peninsula, the oceanfront barrier shore across the bay. Just north of the infamous MTV beach town of Seaside Heights, the Dovers offer gorgeous beaches without all of the drama.
Find your own best place to live in New Jersey
The best places to live in New Jersey range from densely populated New York ‘burbs with bustling nightlife to family-friendly suburban retreats. But no matter where you live in Jersey, there are amazing places to call home. And you can find your next great Jersey city right here on rent.com. Just don’t forget the Springsteen CDs.
Rent prices are based on a rolling weighted average from Apartment Guide and Rent.’s multifamily rental property inventory of one-bedroom apartments in March 2021. Our team uses a weighted average formula that more accurately represents price availability for each individual unit type and reduces the influence of seasonality on rent prices in specific markets.
Other demographic data comes from the U.S. Census Bureau.
The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.
East Sister Rock Island, a miniature private island and dream getaway that doubles as a thriving vacation rental, is on the market for $16,499,999, offering one lucky buyer the rare opportunity to own a secluded retreat in the Florida Keys.
This 1.4-acre island is a mere quarter-mile from Marathon, Florida, and is accessible only by boat or helicopter, providing a level of privacy and exclusivity unmatched by mainland properties.
The island’s history is as unique as its location.
Built in the 1970s, before the implementation of stricter environmental laws, the island was created for a New Jersey gastroenterologist, Klaus Meckler.
Its structure, a concrete home resting on 75 pillars drilled into coral rock and elevated on a 15-foot high plateau, showcases both engineering ingenuity and a deep respect for the surrounding natural beauty.
East Sister Rock Island, showing the main residence with the mainland in the background. Photo credit: Maximilian Martins of VIDEOMAXMIAMI
The 2,304-square-foot main residence, complemented by a detached guest house, features three bedrooms and two bathrooms — and has been operating as a popular vacation rental in recent years, with stellar reviews from travelers.
The detached guest house on the island. Photo credit: Maximilian Martins of VIDEOMAXMIAMI
The property’s eco-friendly design includes a solar and wind power system, a 15,000-gallon freshwater cistern, and its own desalination plant. This off-grid setup ensures a self-sufficient living experience that aligns with modern sustainability values.
Notable for its luxurious amenities, East Sister Rock Island boasts an outdoor pool, a helicopter pad, and a dock, catering to various modes of transportation and leisure activities.
Photo credit: Maximilian Martins of VIDEOMAXMIAMIPhoto credit: Maximilian Martins of VIDEOMAXMIAMI
The island’s location on a coral reef, surrounded by protective rocks, offers stunning 360-degree ocean views and a serene environment, perfect for relaxation and outdoor entertainment.
In addition to its private use, the island has also been operating successfully as a vacation rental.
Related: Tour a $20M mansion in Key Biscayne, Florida with its own private yacht dock
Guests have consistently rated their stays as exceptional, highlighting the island’s tranquility, convenience, and unique experience of seclusion close to necessary amenities.
Reviews praise the comfort of the property and its amazing location, noting its easy access to nearby attractions and the fantastic fishing opportunities it offers.
This property was nothing short of amazing! My wife and I had dreamed of doing a trip like this since we’ve been married, due to the season we were in when we tied the knot a honeymoon just wasn’t in the cards. 9 years later we arrived on East Sister Rock, and enjoyed this incredible home with our family. The home was well kept, the bathrooms were gorgeous, and the home is nothing short of captivating.
One VRBO review reads
Photo credit: Maximilian Martins of VIDEOMAXMIAMIPhoto credit: Maximilian Martins of VIDEOMAXMIAMIPhoto credit: Maximilian Martins of VIDEOMAXMIAMIPhoto credit: Maximilian Martins of VIDEOMAXMIAMIPhoto credit: Maximilian Martins of VIDEOMAXMIAMIPhoto credit: Maximilian Martins of VIDEOMAXMIAMIPhoto credit: Maximilian Martins of VIDEOMAXMIAMI
Currently listed for $16.5 million with Ember Duran of The Agency Miami, East Sister Rock Island is a testament to luxurious, sustainable living. Its blend of privacy, eco-conscious design, and modern amenities makes it a one-of-a-kind property in the heart of the Florida Keys.
Whether as a private retreat or a high-end vacation rental, this island promises a unique and unforgettable experience in one of the most beautiful locations in the United States, and we’re looking forward to seeing who its lucky future owners will be — and how much East Sister Rock Island will end up selling for.
Until then, we’ll add it to our vision boards and daydream about one day owning our own slice of paradise in the azure waters of the Florida Keys.
Photo credit: Maximilian Martins of VIDEOMAXMIAMI
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Home Deco Expo International (HDX) will feature HGTV star, designer and expert carpenter Ty Pennington as the headline speaker of its ground-breaking furniture trade show which opens Feb. 29 at the Miami Beach Convention Center.
Open exclusively to industry professionals, Home Deco Expo is the first of its kind to bring suppliers from around the world, offering residential and commercial furniture, lighting and décor, rugs and floor, and a diverse assortment of materials to create beautiful interior and exterior spaces.
Pennington will share with HDX attendees his unique stories and insights from the many interesting home improvement projects from his more than two decades of popular TV shows, as well as his personal projects away from the camera. He will be available to answer questions from attendees.
Pennington first garnered national attention as the quirky and creative carpenter on the groundbreaking home improvement series “Trading Spaces.” Later, as host of “Extreme Makeover: Home Edition,” he helped transform the lives of hundreds while inspiring millions more around the world to volunteer their time to help others. He’s hosted a series of other shows and traveled the country breathing new life into homes and communities, including several current series with HGTV that include Battle on the Beach, Rock the Block, Hometown Takeover, with other projects upcoming.
In addition to his extensive television work, Ty is recognized for his design expertise and style. He has launched fabric, furniture and flooring lines, and has written multiple books, including “How Good Design Can Change Your Life,” an intimate look at his design inspirations with décor advice and tips, and the New York Times bestseller “Ty’s Tricks,” which is part reference and part behind-the-scenes in his own home, which he completely remodeled himself. His most recent book, “Life to the Extreme” details his initial struggle with, and story on how he overcame, the challenges of living with ADHD.
Free registration for HDX is open to the trade only and more information is available at www.hdxintl.com or by email at [email protected].
Looking for under the table jobs? When you’re looking for ways to earn extra cash, under the table jobs can be a route to take. These jobs typically pay with cash only. These can be part-time jobs, side hustles, or even a full-time career. Now, with under the table jobs, the person paying you is…
Looking for under the table jobs?
When you’re looking for ways to earn extra cash, under the table jobs can be a route to take. These jobs typically pay with cash only.
These can be part-time jobs, side hustles, or even a full-time career.
Now, with under the table jobs, the person paying you is not paying taxes. But, you still should pay taxes, as it is the law in the U.S.
Key Takeaways
Under the table jobs are a flexible way to earn cash without formal employment.
You can tap into many different job fields, from childcare to handyman services, to make extra money.
If a person pays you in cash, it’s still important to report that income to the IRS. If you don’t, it could be tax evasion, which is illegal.
Best Under the Table Jobs
If you’re looking for ways to earn cash, there are plenty of jobs that you can do under the table.
Some popular options include:
As a handyman, you can fix things around a house, like replacing a bathroom mirror or broken doors. If you’re good with tools and fixing things, this can be a great way to make some money.
If you like sharing what you know, tutoring might be a good side gig for you. You can help kids with their schoolwork or even teach music if you play an instrument.
Babysitting is a classic way to earn cash. You watch kids while their parents are away and might even help them with homework.
Love being outside? Try landscaping or mowing lawns. You can make yards look nice and make good money.
For those who love animals, dog walking or pet sitting are fun ways to make money. Spend time with pets, take them for walks, and make sure they’re fed.
Continue reading below to see the full list and learn more about under the table jobs.
1. Reseller
Resellers buy items and sell them for a higher price to make a profit.
You can find things at low prices from garage sales, thrift stores, or online clearance deals. Then, you sell them in places like eBay, Facebook Marketplace, Craigslist, or even to friends and family.
You can sell things like clothes, electronics, toys, and books that people want. It’s usually a good idea to choose items you know a lot about because it makes it easier for you to know a good deal when you see one.
I personally have many friends who are resellers, and I was a reseller in the past as well (before I started blogging full-time!). It can be a great way to make cash income.
Whether you’re looking to make just a little extra cash or if you want a full-time job, this is a good option to look into.
I recommend watching the free webinar Turn Your Passion For Visiting Thrift Stores, Yard Sales & Flea Markets Into A Profitable Reselling Business In As Little As 14 Days to learn how to make money by flipping items.
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This free workshop will teach you how to get into the flipping business. It will teach you how to resell furniture, electronics, appliances, and anything else you can find.
2. Childcare
A popular cash job is babysitting. Most moms and dads need good babysitters, and they’re happy to pay a fair amount for someone to watch their kids while they go out for the evening.
Babysitters make a good income these days – typically around $20 per hour.
If you think it might be tough to earn money this way, don’t worry – it’s possible. Just posting a simple message on your Facebook page could connect you with someone who needs a babysitter.
Note: I recommend making sure you check with your city or state before you begin. Also, make sure that your home is safe (if you watch children in your own home) and that you are CPR certified.
Recommended reading: 29 Best Stay At Home Jobs
3. Home and yard maintenance
When you’re looking for a way to make some extra money, you can do home and yard maintenance jobs. These are tasks people don’t have time to do themselves (or they simply don’t like to do!).
For example, if you like being outdoors, landscaping work might be perfect for you. Jobs in this area include lawn mowing, trimming hedges, and planting flowers.
If you prefer working indoors, you might focus on home maintenance tasks instead. Tasks like house cleaning or helping to organize a garage are commonly needed.
These jobs usually pay in cash at the end of the day or after the job is done. Usually, the homeowner pays you in cash before you go home.
4. Pet groomer
Pet groomers clean pets so that they look nice and healthy (and everyone needs a regular bath!). If you like pets, then you may enjoy being a pet groomer.
Pet groomers can sometimes get paid in cash, especially when you run your own business. I have seen many pet grooming businesses that operate out of a trailer that the person pulls behind their vehicle. They go straight to the person’s home, wash their dog in their mobile dog cleaning trailer, and then collect the cash payment once they are done.
Your work will include brushing and cutting fur, trimming nails, giving baths, and maybe even brushing the pet’s teeth. You make sure pets are clean, comfortable, and looking good. Sometimes, pet owners might also ask you to style their pets’ fur in a special way as well (such as by pinning back fur out of the dog’s eyes).
5. Pet sitter
Working as a pet sitter can be a simple and enjoyable way to earn extra cash.
As a pet sitter, your job is to keep an eye on someone’s pet while they are away. This can include feeding, walking, and playing with the pet to make sure it’s happy and healthy. You may need to stay overnight at the pet owner’s home or the pet may stay with you (it simply depends on what you and the pet owner agree on).
You can find pet sitting jobs on Rover. I have personally used this site countless times to find a pet sitter for my dogs.
Another under the table job similar to this is becoming a house sitter. House sitters watch homes while the owner is away and this can be a great side hustle. I talk more about this in a section further below.
6. House cleaning
When you’re looking for work that’s paid directly in cash, without formal paperwork, you might want to start with house cleaning.
So, what does a house cleaner include? Well, you’ll do things like dusting, vacuuming floors, and cleaning bathrooms. Sometimes, you’ll wash dishes or do laundry. If the house has pets, you might need to clean up after them too. Some house cleaners may even specialize in areas like extensive deep cleans that may take a whole day or even many days (or weeks!).
House cleaners earn between $25 to $50+ an hour for cleaning for others.
To get paid in cash means that you’ll typically work for yourself and get paid once you are done with cleaning for the day or after a week or two.
Getting this kind of business going isn’t costly because you probably already have the cleaning supplies you need (like a mop and vacuum). You can let people know about your services on Facebook, tell your friends and family, or create an account on Care’s website.
7. Dog walker
Dog walkers are exactly that – they walk dogs to make money.
You can find these jobs posted on platforms like Rover or just by posting something on your personal Facebook page advertising your dog walking service.
As a dog walker, your job is to take dogs for their daily walks while their owners are busy. This may be a walk that is around 30 minutes to one hour each time, but it all depends on what you have agreed on with the owner.
Walking pets can earn you about $15 to $25 or even more for each walk per animal.
8. Snow removal
If you’re good with a snow shovel or snowblower, snow removal might be a great job for you. This work can pay cash, making it a common under the table job.
When it snows, many people need help clearing their driveways and sidewalks. Some jobs are for one-time events, while others might need you all winter right after it snows to keep their driveways and sidewalks safe for people to walk or drive on.
You can find snow removal jobs by asking your neighbors or local businesses. Sometimes people put up signs along the roads in neighborhoods or ads online looking for help when there’s a big snowstorm.
People usually pay right after you’re done with the work.
9. Makeup artist
If you enjoy using makeup and know all the latest beauty trends, being a makeup artist can be a fun way to earn money.
It’s a job where you can be creative and help people look their best for events like weddings or photo shoots.
As a makeup artist, you’ll work with different tools like brushes, sponges, and a palette of colors. Your job will be to apply makeup on clients’ faces. You could work with all sorts of people, from friends and family to clients in your area.
10. House sitting
When you house sit, you’re taking care of someone else’s home while they’re away. This could be at a house near where you already live or maybe you fly to a fun vacation destination and watch their house there.
It’s your job to make sure everything stays safe and clean and that nothing happens to the home (such as a frozen water pipe bursts).
You might need to pick up the mail, water plants, or feed pets. Sometimes, people will ask you to stay overnight to make sure the house does not stay empty.
11. Sell at farmers markets
If you’re looking to make some cash, you can start selling at a local farmers market.
Some things that you can sell include fresh produce, homemade goodies, jewelry, unique crafts, or even baking cakes are great items. You’ll want to make sure your product and booth stand out, as there will be a lot of booths around you.
Shoppers at farmers markets typically pay in cash, so you can get paid quickly!
Note: To sell at a farmers market, you might need to get a permit. You can start by checking with your county health department and the United States Department of Agriculture (USDA) for rules. Every place has different laws, so it’s important to understand what applies to your situation.
12. Have a garage sale
Having a garage sale is a way to earn some extra cash, and you don’t need special skills to get started. Look around your home for things you no longer use or need, and these could be clothes, toys, books, or even bigger pieces like furniture.
Items sold at garage sales typically don’t sell for a ton of money, but it can be a great way to declutter while getting paid cash.
Weekends, especially Saturday mornings, are prime times for yard sales. Make sure to check your local weather forecast as a sunny day can lead to more foot traffic. Once you have your date, gather all the items you plan to sell.
Then, you’ll want to organize your items by category. For example, put all the kitchen items on one table and all the books on another. Price everything clearly – you might use colored stickers for pricing – to avoid confusion.
You can advertise your garage sale a few days before. You can do this by posting on social media (such as by sharing it in local Facebook groups), community bulletin boards, or local classified websites. Signs around your neighborhood can also help draw attention to your sale.
During the sale, you’ll want to have change ready for customers who pay with cash, and you’ll probably want to have a calculator handy if you’re not comfortable doing math in your head.
13. Tutoring
If you’re knowledgeable in a subject, tutoring can be a good job for you. This is a job where you help others, like kids or even adults, to understand things better.
As a tutor, you work one-on-one or with small groups to teach things like math, reading, specialty exams, or even foreign languages.
Harder subjects usually pay more than easier subjects, and you may be able to earn $25 or more per hour as a tutor. You may get paid after each tutoring session. Or, if you are a regular tutor for a person, it may be weekly or even monthly – it depends on the agreement that you have with the person you are tutoring.
14. Painter
As a painter, your job is to paint walls, buildings, and other surfaces.
Your job responsibilities may include preparing surfaces by cleaning and scraping, mixing paint to get the right color, and applying paint with brushes, rollers, or sprayers.
Back when we were selling our first house, we hired a solo painter to come in and paint all the walls. This is a job that you may be able to find as well.
15. Handyman
If you’re good with tools and fixing things around the house, you might think about working as a handyman.
This job involves fixing leaky faucets, patching holes in walls, or putting together furniture. People tend to need help with these small jobs and look for someone who can do them without too much fuss.
You can find handyman jobs on websites like Craigslist or by asking friends and family if they know anyone who needs help.
With the same house I mentioned in the previous section, we also hired a handyman to renovate our bathroom as well as do around 10 other smaller things around our house too. We actually found him through a family friend, and he did so much work for us. It was great!
16. Dance instructor
Being a dance instructor can be a fulfilling under the table job in some cases. You could work with students of all ages, teaching them how to dance or different dance styles.
Of course, you will want to make sure that you are a skilled dancer, as this is not a job that anyone can do.
So, do you have experience in styles like ballet, hip-hop, or salsa? Or something else?
You can start by giving classes in your community or looking for local studios in need of instructors.
17. Auto mechanic
Working as an auto mechanic could be a great under the table job for you, and there are always people who need work done on their cars.
You’ll typically charge less than if a person would be going to a car dealership or a car mechanic business. People would usually be looking to hire a cash-pay mechanic if they were wanting to save some money.
As a mechanic, you make sure cars are running smoothly. Your job might include changing oil, replacing brakes, and making sure the engine is in top shape. Of course, you need to know what you are doing, as people are trusting their expensive cars and their lives with the repairs and updates that you do.
Working like this usually means you have to find your own customers. Good places to start are local ads or online platforms like Craigslist (start by looking under the “gig” section).
18. Photographer
Becoming a photographer can be a fun way for you to earn money if you are good with photography.
As a photographer, you can decide to work as an independent contractor, which means you are your own boss. This might involve getting paid in cash or a check for your services.
The different types of photography you can get into include:
Portrait photography – You might take photos of people and families, capturing special moments. Families like to have memories of their loved ones, and they’re willing to pay you for this service.
Event photography – This includes taking photographs at events like weddings or birthday parties. People like to remember these big events and may hire you to make sure they have great photos to look back on.
Commercial photography – This is for businesses that need photos of their products, services, real estate, and more.
Recommended reading: 18 Ways You Can Get Paid To Take Pictures
19. Sell firewood
Selling firewood can be a way to make money, especially if you live in an area where wood is used for heating or camping. Homeowners in colder places are always buying wood for their wood burning fireplaces and stoves, so this can be a good way to make some extra money by selling truckloads of wood.
First, you need to get firewood. If you have trees on your land, you might be able to cut your own wood.
After you have wood to sell, think about how you will sell it. You can sell wood online on websites where people buy and sell things in your community. You can also have a place at your house where people come to buy wood from you.
If you don’t have trees of your own, look for jobs where you can gather wood. Some people will even pay you to take away old trees or wood piles they don’t want.
Note: I recommend that you always keep in mind to follow the rules about selling wood where you live. Some places have rules about moving firewood to stop bugs and diseases from spreading to other trees.
20. Junk hauler
Being a junk hauler might be a great fit for you if you don’t mind a bit of heavy lifting. People tend to hire junk haulers when they have big, heavy things that they want to get rid of after all.
As a junk hauler, you get to help people clear out unwanted items from their homes or businesses. These items could be anything from old furniture to broken appliances.
Your job will mostly involve picking up and removing junk. You’ll need to have a reliable vehicle, maybe a truck or a van, that can carry all the items. Sometimes, you’ll be recycling things or taking them to a landfill.
You can find junk hauling gigs on websites or by signing up with companies that look for contractors. These could be one-time jobs or regular work, perfect if you’re looking for a side hustle or even to grow your own junk removal business.
You’ll generally get paid after you complete a job and since it’s often under the table, payment is usually in cash. This means you get paid directly, with no checks or direct deposits.
We personally had to call a junk hauler when we had several pieces of rotten wood that we needed thrown away – it was several hundred pounds and extremely messy – not something that we wanted to mess with and we also wanted it gone right away. That same day, a junk hauler came by and took it for $125. We paid him cash and he took it to the dump for us. It was so convenient for us and good business for him.
21. Rent out a spare room
If you have an empty room at your place, you might want to think about renting it out. This can be a good way to make some money on the side without a lot of work.
I have had several roommates over the years. We would rent out our spare room to long-term renters and people that we personally knew (such as friends and my sister).
To find a roommate and make money from renting your place, you can tell people about it in different ways. You can share it on your own Facebook page, post an ad on websites like Craigslist, make a rental listing on Airbnb, and try other methods.
Frequently Asked Questions
When you’re looking into jobs that pay cash, also known as under the table jobs, you might have a lot of questions.
What are under the table jobs?
Under the table jobs are ways you can earn money that’s usually paid in cash and not recorded officially by an employer. This means no tax forms are involved and no taxes are taken out of your pay right away (but you should still pay them!).
Is under the table work legal?
Okay, this is a great question to ask. After all, this is a whole article on how to find under the table jobs. So, does that mean these types of jobs are legal?
Well, working under the table can be tricky when it comes to the law. Your employer might pay you in cash without giving you a contract. While it might seem straightforward, not reporting this cash income to the IRS is considered tax evasion. Earning cash itself isn’t illegal, but failing to report it on your taxes can lead to problems.
What are the positives of working for cash?
When you get paid under the table, you get to keep all the money you earn immediately. This kind of setup is nice for jobs like babysitting or doing yard work, and you don’t have to wait for a paycheck. But, remember, you still have to pay taxes! So, the main positive is that you are paid cash right away, instead of having to wait a couple of weeks.
What are possible risks of working under the table? Is it OK to get paid under the table? Can an employee get in trouble for working under the table?
Working under the table can be risky. If the IRS finds out you’re not reporting your income, both you and your employer could face penalties. Also, you won’t have official records of your income, which can make it tricky if you need to show how much you earn for things like loans or renting a place to live.
What jobs can be paid under the table?
You can find jobs like babysitting, pet sitting, house cleaning, or gardening that pay under the table. These jobs usually pay cash because they are informal and may not involve paperwork. There are many other jobs that I didn’t even get into in the list above, such as becoming a personal assistant (doing things like grocery shopping and setting up appointments), personal trainer, graphic designer (making logos and more), and so on.
How do I find under the table jobs? How can you find local jobs that pay in cash?
To find these jobs, you can start by asking friends or neighbors if they need help with anything. You can also look at community bulletin boards or online classifieds for local job opportunities.
How do I ask for payment under the table?
If you’re looking for cash payment for a job, be honest and up front with your employer. Tell them you prefer cash payment, but realize that it’s usually smaller gigs that will pay cash and not more regular job opportunities. Keep in mind, though, that all income should still be reported for tax purposes.
How can you find jobs that pay under the table on Craigslist?
On Craigslist, you can filter your job search by using keywords like “cash pay” or “under the table.”
Under the Table Jobs – Summary
I hope you enjoyed this article on how to find the best under the table jobs.
Getting paid cash right after you complete a job is nice – you don’t have to worry about waiting for a payment and you can pay your bills right away.
There are many ways to find under the table jobs, such as by asking people that you know or by looking at gig/job websites in your area.
Now, there are pros and cons to being paid under the table. Being paid under the table means you get cash quickly. However, there are risks like missing out on legal protections and benefits, and if not reported, it might lead to tax evasion consequences.
So, when working under the table, it’s important to keep track of how much money you make. After all, you’re responsible for your own records and taxes, even if you’re paid in cash.
So, you do still need to pay taxes on the income that you make.
When you work under the table, you’re often working part-time or full-time but without the usual job benefits. If you’re planning ahead, think about how these jobs might affect your career later on. Eventually, it may be a good idea to find a job with more regular benefits where you pay taxes straight out of your income.
What do you think are the best under the table jobs?