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These days, finding an affordable place to live in the Beachwood area can be challenging. Home prices in Beachwood are now at a median cost of $363,329, lower than the New Jersey average of $496,577.
The average cost of rent is $2,419/mo in Beachwood, primarily driven by the current value of real estate in the Beachwood area. In Beachwood, 7.44% of households rent, and 24.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Beachwood is $9,877 per month. Households that rent pay about 24.49% of their income on rent here. Beachwood’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- South Toms River, NJ: less expensive homes
- Pine Beach, NJ: higher priced homes
- Bayville, NJ: higher priced homes
- Island Heights, NJ: higher priced homes
- Holiday City South, NJ: less expensive homes
- Ocean Gate, NJ: equally priced homes
- Toms River, NJ: higher priced homes
- Lanoka Harbor, NJ: higher priced homes
- Holiday City-Berkeley, NJ: less expensive homes
- Pine Lake Park, NJ: higher priced homes
Cities with Similar Populations
- Endwell, NY: less expensive homes
- Falling Waters, WV: less expensive homes
- Fairview, TN: equally priced homes
- Fairview, OR: equally priced homes
- Long Valley, NJ: higher priced homes
- Fairfield, IA: less expensive homes
- Etters, PA: less expensive homes
- Essexville, MI: less expensive homes
- Tres Hermanos, PR: less expensive homes
- Fallston, MD: higher priced homes
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