The Most Affordable Neighborhoods in Bergen-Lafayette, Jersey City, NJ by Home Value

 

Bergen-Lafayette, Jersey City, NJ Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Bergen-Lafayette area can be challenging. Home prices in Bergen-Lafayette are now at a median cost of $353,658, lower than the Jersey City average of $506,227.

The average cost of rent is $1,379/mo in Bergen-Lafayette, primarily driven by the current value of real estate in the Bergen-Lafayette area. While nearly 27.97% of residents own their homes outright in Bergen-Lafayette, 72.56% rent.

Housing affordability isn’t just about home prices, though. The average household income in Bergen-Lafayette is $4,335 per month. Households that rent pay about 31.82% of their income on rent here. Bergen-Lafayette's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the neighborhood.


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