Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Carteret area can be challenging. Home prices in Carteret are now at a median cost of $269,526, lower than the New Jersey average of $388,929.
The average cost of rent is $1,554/mo in Carteret, primarily driven by the current value of real estate in the Carteret area. While nearly 45.55% of residents own their homes outright in Carteret, 36.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in Carteret is $6,812 per month. Households that rent pay about 22.81% of their income on rent here. Carteret's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Port Reading, NJ: higher priced homes
- Sewaren, NJ: higher priced homes
- Avenel, NJ: equally priced homes
- Rahway, NJ: equally priced homes
- Woodbridge, NJ: higher priced homes
- Linden, NJ: higher priced homes
- Iselin, NJ: higher priced homes
- Colonia, NJ: higher priced homes
- Staten Island, NY: higher priced homes
- Perth Amboy, NJ: equally priced homes
Cities with Similar Populations
- Allendale, MI: less expensive homes
- Alton, IL: less expensive homes
- Yorkville, IL: equally priced homes
- Ashland, CA: higher priced homes
- Johnston, IA: higher priced homes
- Sidney, OH: less expensive homes
- Shirley, NY: equally priced homes
- Homer Glen, IL: higher priced homes
- Selden, NY: higher priced homes
- Seal Beach, CA: higher priced homes
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