Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Basking Ridge area can be challenging. Home prices in Basking Ridge are now at a median cost of $716,905, higher than the New Jersey average of $388,929.
The average cost of rent is $2,540/mo in Basking Ridge, primarily driven by the current value of real estate in the Basking Ridge area. While nearly 33.78% of residents own their homes outright in Basking Ridge, 13.46% rent.
Housing affordability isn’t just about home prices, though. The average household income in Basking Ridge is $15,610 per month. Households that rent pay about 16.27% of their income on rent here. Basking Ridge's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Bernards, NJ: less expensive homes
- Millington, NJ: less expensive homes
- Bernardsville, NJ: equally priced homes
- Bedminster, NJ: less expensive homes
- Stirling, NJ: less expensive homes
- Far Hills, NJ: equally priced homes
- Warren, NJ: higher priced homes
- Madisonville, NJ: higher priced homes
- Bridgewater, NJ: less expensive homes
- Martinsville, NJ: equally priced homes
Cities with Similar Populations
- Zion, IL: less expensive homes
- Muskego, WI: less expensive homes
- New Albany, OH: less expensive homes
- New Milford, CT: less expensive homes
- Newport, RI: less expensive homes
- Owosso, MI: less expensive homes
- Palestine, TX: less expensive homes
- Perkasie, PA: less expensive homes
- Franklin, OH: less expensive homes
- West Hempstead, NY: less expensive homes
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