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These days, finding an affordable place to live in the Bay Head area can be challenging. Home prices in Bay Head are now at a median cost of $1,864,000, higher than the New Jersey average of $496,577.
The average cost of rent is $1,424/mo in Bay Head, primarily driven by the current value of real estate in the Bay Head area. In Bay Head, 13.68% of households rent, and 48.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bay Head is $15,139 per month. Households that rent pay about 9.41% of their income on rent here. Bay Head’s most expensive areas are in the central regions, while the cheapest areas are in the central 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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