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These days, finding an affordable place to live in the Boonton area can be challenging. Home prices in Boonton are now at a median cost of $585,530, higher than the New Jersey average of $496,577.
The average cost of rent is $1,837/mo in Boonton, primarily driven by the current value of real estate in the Boonton area. In Boonton, 26.90% of households rent, and 35.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Boonton is $11,843 per month. Households that rent pay about 15.51% of their income on rent here. Boonton’s most expensive areas are in the northeastern 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
- Mountain Lakes, NJ: higher priced homes
- Montville, NJ: higher priced homes
- Lake Hiawatha, NJ: less expensive homes
- Parsippany, NJ: equally priced homes
- Towaco, NJ: higher priced homes
- Denville, NJ: equally priced homes
- Mount Tabor, NJ: less expensive homes
- Pine Brook, NJ: equally priced homes
- Lake Telemark, NJ: less expensive homes
- Hibernia, NJ: less expensive homes
Cities with Similar Populations
- Grove, OK: less expensive homes
- Indialantic, FL: less expensive homes
- Sturgeon Bay, WI: less expensive homes
- Hubbard, OH: less expensive homes
- Hollidaysburg, PA: less expensive homes
- Hartland, WI: less expensive homes
- Hampstead, MD: less expensive homes
- Gwynn Oak, MD: less expensive homes
- Taylorsville, KY: less expensive homes
- Stone Ridge, VA: higher priced homes
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