The Most Affordable Neighborhoods in Boonton, NJ by Home Value

 

Boonton, NJ Map of Most Affordable Neighborhoods
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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 $515,507, higher than the New Jersey average of $388,929.

The average cost of rent is $1,659/mo in Boonton, primarily driven by the current value of real estate in the Boonton area. While nearly 34.55% of residents own their homes outright in Boonton, 25.99% rent.

Housing affordability isn’t just about home prices, though. The average household income in Boonton is $9,727 per month. Households that rent pay about 17.06% of their income on rent here. Boonton's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.


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