The Most Affordable Neighborhoods in Avenel, NJ by Home Value

These days, finding an affordable place to live in the Avenel area can be challenging. Home prices in Avenel are now at a median cost of $402,059, lower than the New Jersey average of $496,577.

The average cost of rent is $1,822/mo in Avenel, primarily driven by the current value of real estate in the Avenel area. In Avenel, 53.94% of households rent, and 38.53% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Avenel is $7,644 per month. Households that rent pay about 23.83% of their income on rent here. Avenel’s most expensive areas are in the western 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.

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