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These days, finding an affordable place to live in the Asbury Park area can be challenging. Home prices in Asbury Park are now at a median cost of $605,870, higher than the New Jersey average of $496,577.
The average cost of rent is $1,606/mo in Asbury Park, primarily driven by the current value of real estate in the Asbury Park area. In Asbury Park, 61.48% of households rent, and 44.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Asbury Park is $7,825 per month. Households that rent pay about 20.52% of their income on rent here. Asbury Park’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wanamassa, NJ: equally priced homes
- Interlaken, NJ: higher priced homes
- Allenhurst, NJ: higher priced homes
- Loch Arbour, NJ: higher priced homes
- Deal, NJ: higher priced homes
- Neptune, NJ: less expensive homes
- Oakhurst, NJ: higher priced homes
- Ocean Grove, NJ: higher priced homes
- Neptune City, NJ: less expensive homes
- Bradley Beach, NJ: higher priced homes
Cities with Similar Populations
- McMinnville, TN: less expensive homes
- Locust Grove, GA: less expensive homes
- San Ysidro, CA: less expensive homes
- Magna, UT: less expensive homes
- Martinez, GA: less expensive homes
- Maryland Heights, MO: less expensive homes
- Riverhead, NY: less expensive homes
- Ridgecrest, CA: less expensive homes
- Raytown, MO: less expensive homes
- Cayey, PR: less expensive homes
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