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These days, finding an affordable place to live in the Cedar Grove area can be challenging. Home prices in Cedar Grove are now at a median cost of $630,932, higher than the New Jersey average of $496,577.
The average cost of rent is $2,010/mo in Cedar Grove, primarily driven by the current value of real estate in the Cedar Grove area. In Cedar Grove, 16.30% of households rent, and 30.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cedar Grove is $13,325 per month. Households that rent pay about 15.08% of their income on rent here. Cedar Grove’s most expensive areas are in the eastern 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
- North Caldwell, NJ: higher priced homes
- Little Falls, NJ: less expensive homes
- Upper Montclair, NJ: higher priced homes
- Verona, NJ: equally priced homes
- Brookdale, NJ: less expensive homes
- Montclair, NJ: higher priced homes
- Caldwell, NJ: equally priced homes
- Woodland Park, NJ: less expensive homes
- Essex Fells, NJ: higher priced homes
- Totowa, NJ: less expensive homes
Cities with Similar Populations
- Adairsville, GA: less expensive homes
- Wynne, AR: less expensive homes
- Atco, NJ: less expensive homes
- Atchison, KS: less expensive homes
- Yadkinville, NC: less expensive homes
- Aransas Pass, TX: less expensive homes
- Yeadon, PA: less expensive homes
- Yorktown, IN: less expensive homes
- Amherst, NH: less expensive homes
- Alma, MI: less expensive homes
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