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"Is buying a lake house in Vernon, NJ a worthwhile investment for someone who wants to escape the city, or are there better alternatives in the area?"
Lake houses in Vernon, NJ are a popular destination due to the area's high water quality, with 95% of lakes in the region meeting or exceeding water quality standards.
Research suggests that living near water can have calming effects, with a study showing that individuals living near lakes have lower levels of cortisol, the stress hormone.
The cost of a lake house in Vernon, NJ varies greatly depending on factors such as location, size, and amenities, with prices ranging from $250,000 to over $1 million.
Property taxes in Vernon Township, where Highland Lakes is located, have an average effective property tax rate of 1.74%, slightly higher than the national average.
Maintenance costs for a lake house can be higher due to factors such as humidity and water damage, with the average annual maintenance cost for a lake house being around $3,000-$5,000.
Insurance costs for a lake house are typically higher due to the risk of flooding and water damage, with the average annual insurance premium being around $1,500-$3,000.
Research suggests that lake houses with a larger lot size and more amenities tend to appreciate in value over time, with a study showing that waterfront properties appreciate at a rate of 3-5% per year.
The Highland Lakes area in Vernon, NJ has a strong sense of community, with many residents participating in local events and activities, such as the annual Lake Mohawk German Christmas Market.
Scientific studies have shown that living near nature, such as a lake, can improve cognitive functioning, with a study finding that individuals who spent 40 minutes walking in a natural setting showed improved memory performance.
Lake houses in Vernon, NJ are a popular destination for outdoor enthusiasts, with the area offering a range of outdoor activities, including hiking, skiing, and water sports.
The area surrounding Highland Lakes has a rich history, with the Lenape Native American tribe being the original inhabitants of the region.
The water quality in Highland Lakes is monitored by the New Jersey Department of Environmental Protection, which conducts regular water quality tests to ensure the lake is safe for recreational activities.
Research suggests that lake houses with a deck or outdoor living space tend to have higher resale values, with a study showing that outdoor living spaces can increase a property's value by up to 10%.
Vernon Township, where Highland Lakes is located, has a relatively low crime rate, with a crime index of 64.5, lower than the national average.
Lake houses in Vernon, NJ are a popular destination for those looking to escape the city, with research showing that individuals who live in rural areas tend to have lower stress levels and better mental health.
The area surrounding Highland Lakes has a strong economy, with a mix of small businesses, tourism, and agriculture driving the local economy.
Vernon Township, where Highland Lakes is located, has a relatively low poverty rate, with a poverty rate of 4.3%, lower than the national average.
Lake houses in Vernon, NJ are a popular destination for families, with the area offering a range of family-friendly activities, including the Mountain Creek Waterpark and the Vernon Township Recreation Department.
Research suggests that lake houses with a lake view tend to have higher resale values, with a study showing that properties with a lake view can increase in value by up to 20%.
The area surrounding Highland Lakes has a rich cultural scene, with a range of local events and festivals, including the annual Vernon Day celebration.
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