Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Bayonne area can be challenging. Home prices in Bayonne are now at a median cost of $373,202, lower than the New Jersey average of $388,929.
The average cost of rent is $1,426/mo in Bayonne, primarily driven by the current value of real estate in the Bayonne area. While nearly 40.16% of residents own their homes outright in Bayonne, 61.26% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bayonne is $6,481 per month. Households that rent pay about 22.01% of their income on rent here. Bayonne's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Jersey City, NJ: higher priced homes
- Elizabeth, NJ: less expensive homes
- Staten Island, NY: higher priced homes
- Harrison, NJ: higher priced homes
- Hillside, NJ: less expensive homes
- East Newark, NJ: less expensive homes
- Newark, NJ: less expensive homes
- New York, NY: higher priced homes
- Kearny, NJ: equally priced homes
- Hoboken, NJ: higher priced homes
Cities with Similar Populations
- Baltimore, MD: equally priced homes
- Albany, GA: less expensive homes
- Apple Valley, CA: less expensive homes
- Aurora, CO: equally priced homes
- Alameda, CA: higher priced homes
- Ann Arbor, MI: equally priced homes
- Atlanta, GA: less expensive homes
- Athens, GA: less expensive homes
- Arlington, TX: less expensive homes
- Beaverton, OR: higher priced homes
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