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These days, finding an affordable place to live in the Bogota area can be challenging. Home prices in Bogota are now at a median cost of $520,428, higher than the New Jersey average of $496,577.
The average cost of rent is $1,915/mo in Bogota, primarily driven by the current value of real estate in the Bogota area. In Bogota, 32.56% of households rent, and 34.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bogota is $8,440 per month. Households that rent pay about 22.69% of their income on rent here. Bogota’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- South Hackensack, NJ: equally priced homes
- Ridgefield Park, NJ: equally priced homes
- Teaneck, NJ: higher priced homes
- Hackensack, NJ: less expensive homes
- Little Ferry, NJ: equally priced homes
- Teterboro, NJ: equally priced homes
- Leonia, NJ: higher priced homes
- Palisades Park, NJ: higher priced homes
- Maywood, NJ: equally priced homes
- Hasbrouck Heights, NJ: equally priced homes
Cities with Similar Populations
- Whitehall, MI: less expensive homes
- Wyoming, MN: less expensive homes
- Nebo, NC: less expensive homes
- West Liberty, KY: less expensive homes
- Sugarmill Woods, FL: less expensive homes
- Pleasant Hills, PA: less expensive homes
- Nesbit, MS: less expensive homes
- New Boston, MI: less expensive homes
- Cottondale, AL: less expensive homes
- Avocado Heights, CA: higher priced homes
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