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Affordable
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These days, finding an affordable place to live in the Belmar area can be challenging. Home prices in Belmar are now at a median cost of $724,259, higher than the New Jersey average of $496,577.
The average cost of rent is $1,839/mo in Belmar, primarily driven by the current value of real estate in the Belmar area. In Belmar, 25.85% of households rent, and 37.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Belmar is $10,440 per month. Households that rent pay about 17.61% of their income on rent here. Belmar’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lake Como, NJ: equally priced homes
- Spring Lake Heights, NJ: equally priced homes
- Shark River Hills, NJ: less expensive homes
- Spring Lake, NJ: higher priced homes
- Neptune City, NJ: less expensive homes
- Avon-by-the-Sea, NJ: higher priced homes
- Sea Girt, NJ: higher priced homes
- Neptune, NJ: less expensive homes
- Bradley Beach, NJ: higher priced homes
- Ocean Grove, NJ: higher priced homes
Cities with Similar Populations
- Bainbridge, GA: less expensive homes
- Sayreville, NJ: less expensive homes
- Somerton, AZ: less expensive homes
- Guilford, CT: less expensive homes
- Harrison, NJ: less expensive homes
- Hatfield, PA: less expensive homes
- Havelock, NC: less expensive homes
- Sellersburg, IN: less expensive homes
- Hawthorne, NJ: less expensive homes
- Hermosa Beach, CA: higher priced homes
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