Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Bloomfield area can be challenging. Home prices in Bloomfield are now at a median cost of $338,255, lower than the New Jersey average of $388,929.
The average cost of rent is $1,600/mo in Bloomfield, primarily driven by the current value of real estate in the Bloomfield area. While nearly 30.76% of residents own their homes outright in Bloomfield, 56.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bloomfield is $6,900 per month. Households that rent pay about 23.19% of their income on rent here. Bloomfield's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Glen Ridge, NJ: higher priced homes
- Silver Lake, NJ: less expensive homes
- Belleville, NJ: less expensive homes
- Montclair, NJ: higher priced homes
- Nutley, NJ: higher priced homes
- East Orange, NJ: less expensive homes
- Brookdale, NJ: higher priced homes
- Orange, NJ: less expensive homes
- North Arlington, NJ: higher priced homes
- Kearny, NJ: equally priced homes
Cities with Similar Populations
- Oak Harbor, WA: equally priced homes
- Los Gatos, CA: higher priced homes
- Woonsocket, RI: less expensive homes
- West Hollywood, CA: higher priced homes
- Wentzville, MO: less expensive homes
- Vestavia Hills, AL: higher priced homes
- Venice, CA: higher priced homes
- Merritt Island, FL: equally priced homes
- Marlborough, MA: higher priced homes
- Maplewood, MN: less expensive homes
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