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These days, finding an affordable place to live in the Bernardsville area can be challenging. Home prices in Bernardsville are now at a median cost of $926,515, higher than the New Jersey average of $496,577.
The average cost of rent is $2,257/mo in Bernardsville, primarily driven by the current value of real estate in the Bernardsville area. In Bernardsville, 5.18% of households rent, and 40.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bernardsville is $18,725 per month. Households that rent pay about 12.05% of their income on rent here. Bernardsville’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Madisonville, NJ: equally priced homes
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- New Vernon, NJ: higher priced homes
- Stirling, NJ: less expensive homes
- Brookside, NJ: equally priced homes
Cities with Similar Populations
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- Highland Park, TX: higher priced homes
- Harwood Heights, IL: less expensive homes
- Harpers Ferry, WV: less expensive homes
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