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These days, finding an affordable place to live in the Caldwell area can be challenging. Home prices in Caldwell are now at a median cost of $620,084, higher than the New Jersey average of $496,577.
The average cost of rent is $2,033/mo in Caldwell, primarily driven by the current value of real estate in the Caldwell area. In Caldwell, 35.82% of households rent, and 29.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Caldwell is $10,918 per month. Households that rent pay about 18.62% of their income on rent here. Caldwell’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Essex Fells, NJ: higher priced homes
- North Caldwell, NJ: higher priced homes
- Roseland, NJ: higher priced homes
- Verona, NJ: equally priced homes
- Fairfield, NJ: higher priced homes
- Cedar Grove, NJ: equally priced homes
- Pine Brook, NJ: equally priced homes
- Little Falls, NJ: less expensive homes
- Montclair, NJ: higher priced homes
- West Orange, NJ: less expensive homes
Cities with Similar Populations
- Seaford, NY: equally priced homes
- Horseheads, NY: less expensive homes
- Howard, WI: less expensive homes
- Hudson, MA: less expensive homes
- Shorewood, IL: less expensive homes
- Sharpsburg, GA: less expensive homes
- Indian Land, SC: less expensive homes
- Ionia, MI: less expensive homes
- Sellersburg, IN: less expensive homes
- Jackson, GA: less expensive homes
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