Expensive
Affordable
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These days, finding an affordable place to live in the Cedar Knolls area can be challenging. Home prices in Cedar Knolls are now at a median cost of $651,611, higher than the New Jersey average of $496,577.
The average cost of rent is $2,783/mo in Cedar Knolls, primarily driven by the current value of real estate in the Cedar Knolls area. In Cedar Knolls, 38.54% of households rent, and 28.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cedar Knolls is $13,826 per month. Households that rent pay about 20.13% of their income on rent here. Cedar Knolls’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Whippany, NJ: equally priced homes
- Morris Plains, NJ: less expensive homes
- Morristown, NJ: equally priced homes
- Parsippany, NJ: less expensive homes
- Mount Tabor, NJ: less expensive homes
- Florham Park, NJ: higher priced homes
- Madison, NJ: higher priced homes
- East Hanover, NJ: higher priced homes
- Denville, NJ: less expensive homes
- Mountain Lakes, NJ: higher priced homes
Cities with Similar Populations
- Sunman, IN: less expensive homes
- Sunderland, MD: less expensive homes
- Tiffin, IA: less expensive homes
- Surf City, NC: less expensive homes
- Surgoinsville, TN: less expensive homes
- Tontitown, AR: less expensive homes
- Thornton, PA: higher priced homes
- Vienna, IN: less expensive homes
- Osage, IA: less expensive homes
- Cresco, IA: less expensive homes
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