The Most Affordable Neighborhoods in Berkeley Heights, NJ by Home Value

 

Berkeley Heights, NJ Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Berkeley Heights area can be challenging. Home prices in Berkeley Heights are now at a median cost of $776,213, higher than the New Jersey average of $496,577.

The average cost of rent is $2,243/mo in Berkeley Heights, primarily driven by the current value of real estate in the Berkeley Heights area. In Berkeley Heights, 8.90% of households rent, and 36.75% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Berkeley Heights is $16,201 per month. Households that rent pay about 13.84% of their income on rent here. Berkeley Heights’s most expensive areas are in the southeastern 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.


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