Tips for Buyers
- Avoiding Financial Stress
- Build a Plan of Action and Get Ready
- Finding the Right Seller
- Getting a Legitimate Lender and Getting Pre-Approved
- Hot, Normal, and Cold Markets
- Importance of Inspection
- Is Buying a Home Still a Smart Plan
- Thinking About Buying a Foreclosure
- Use a Buyer’s Agent
- Why You Should Not Make Any Major Credit Purchases
Tips for Sellers
Title and Escrow
- Closing and Title Costs
- Creative Financing
- Required Reporting to the IRS
- Statements of Information
- The Functions of an Escrow
- Title Insurance – Where Does Your Dollar Go?
- Title Insurance Requirements for Insuring Trusts
- Title Insurance When Refinancing Your Loan
- Understanding Preliminary Reports
- Understanding Title Insurance
- Why Do You Need Title Insurance
Real Estate Glossary
- Glossary of Real Estate Terms
- Adjustable Rate Mortgages – The Pros and Cons
- Adjustable Rate Mortgages-The Basics
- Closing Costs When Buying or Refinancing a Home
- Documenting Your Assets – Verifying Your Down Payment
- FICO® Score – a Brief Explanation
- FICO® Scores and Your Mortgage
- Items You Need When Applying For a Loan
- Land Contract
- The Advantages of Different Types of Mortgage Lenders
- The Biweekly Mortgage – Who Needs It?
- The No-Cost Thirty Year Fixed Rate Mortgage
- Types of Mortgage Lenders
- What’s a FICO®?
- Where Does the Money Come From for Mortgage Loans?
- Which ARM is the Best Alternative?
- Your Savings and Down Payment
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Wildwood is a city in Cape May County, New Jersey, United States. It is part of the Ocean City Metropolitan Statistical Area and is a popular summer resort destination. As of the 2010 United States Census, the city’s year-round population was 5,325, reflecting a decline of 111 (-2.0%) from the 5,436 counted in the 2000 Census, which had in turn increased by 952 (+21.2%) from the 4,484 counted in the 1990 Census. With visitors, the population can swell to 250,000 during the summer months.
The Wildwoods is used as a collective term for the four communities that have “Wildwood” as part of the municipality name — the Borough of Wildwood Crest, City of Wildwood, Borough of West Wildwood and the City of North Wildwood — together with Diamond Beach, a portion of Lower Township situated on the island.
Wildwood was originally incorporated as a borough by an Act of the New Jersey Legislature on May 1, 1895, from portions of Middle Township, based on the results of a referendum held the previous day. On January 1, 1912, Wildwood was incorporated as a city, replacing both Wildwood borough and Holly Beach City.
The Wildwoods began developing as a resort in the last decade of the 19th century. A building boom began in the 1950s, due partially to the construction and completion of the Garden State Parkway in 1955.
“Rock Around the Clock”, often credited as the first rock and roll record, was first performed on Memorial Day weekend in 1954 at the HofBrau Hotel in Wildwood by Bill Haley & His Comets. The song’s status as one of the first rock and roll hits has given rise to the city’s claim as “the birthplace of rock and roll”.
Portions of Wildwood are part of an Urban Enterprise Zone in The Wildwoods. In addition to other benefits to encourage employment within the Zone, shoppers can take advantage of a reduced 3½% sales tax rate at eligible merchants (versus the 7% rate charged statewide) at eligible merchants.
Wildwood has an unusually large number of liquor licenses for its population. State law normally provides for one consumption license (i.e., for a bar, restaurant) for every 3000 residents, and one distribution license (i.e., for a liquor store) for every 7500 residents. Because of a state law allowing a municipality to grandfathered in liquor licenses that existed before 1948, Wildwood has a permanent population of 5,300, but has 61 active liquor licenses.
Wildwood city is located at 38°59′20″N 74°49′11″W (38.988914,-74.819824). According to the United States Census Bureau, the city had a total area of 1.394 square miles (3.613 km2), of which, 1.304 square miles (3.379 km2) of it is land and 0.090 square miles (0.234 km2) of it (6.49%) is water.
The city is located on a barrier island facing the Atlantic Ocean. On the same island are the towns of North Wildwood, Wildwood Crest and Diamond Beach, a place in Lower Township. Collectively with the town of West Wildwood (located on a separate, adjacent island), these communities form “The Wildwoods” resort. Wildwood also borders Middle Township.
At the 2010 United States Census, there were 5,325 people, 2,251 households, and 1,146 families residing in the city. The population density was 4,082.0 inhabitants per square mile (1,576.1 /km2). There were 6,843 housing units at an average density of 5,245.7 per square mile (2,025.4 /km2). The racial makeup of the city was 68.04% (3,623) White, 11.15% (594) Black or African American, 0.73% (39) Native American, 0.79% (42) Asian, 0.13% (7) Pacific Islander, 16.24% (865) from other races, and 2.91% (155) from two or more races. Hispanic or Latino of any race were 31.21% (1,662) of the population.
There were 2,251 households of which 22.5% had children under the age of 18 living with them, 29.5% were married couples living together, 15.8% had a female householder with no husband present, and 49.1% were non-families. 40.7% of all households were made up of individuals and 14.2% had someone living alone who was 65 years of age or older. The average household size was 2.27 and the average family size was 3.03.
In the city, 20.5% of the population were under the age of 18, 10.4% from 18 to 24, 28.2% from 25 to 44, 27.3% from 45 to 64, and 13.5% who were 65 years of age or older. The median age was 38.0 years. For every 100 females there were 105.6 males. For every 100 females age 18 and over, there were 104.8 males.
The Census Bureau’s 2006-2010 American Community Survey showed that (in 2010 inflation-adjusted dollars) median household income was $32,783 (with a margin of error of +/- $9,471) and the median family income was $45,125 (+/- $24,251). Males had a median income of $24,416 (+/- $1,945) versus $26,043 (+/- $7,007) for females. The per capita income for the borough was $25,118 (+/- $3,877). About 16.2% of families and 23.0% of the population were below the poverty line, including 25.4% of those under age 18 and 8.7% of those age 65 or over.
The Wildwood Public School District serves students in pre-kindergarten through twelfth grade. Schools in the district (with 2010-11 enrollment data from the National Center for Education Statistics) are Glenwood Elementary School (PreK-5; 429 students), Wildwood Middle School (6-8; 142 students) and Wildwood High School (9-12; 289 students).
Public school students from West Wildwood attend the district’s schools as part of a sending/receiving relationship for grades K-12. For grades 9-12, students from North Wildwood and Wildwood Crest attend Wildwood High School as part of sending/receiving relationships.
There are two Catholic schools on the island, Cape Trinity Catholic and Wildwood Catholic High School in North Wildwood, which operate separately but have shared a common building since September 2010. Both schools operate under the auspices of the Roman Catholic Diocese of Camden.