Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Chatham area can be challenging. Home prices in Chatham are now at a median cost of $915,175, higher than the New Jersey average of $388,929.
The average cost of rent is $2,046/mo in Chatham, primarily driven by the current value of real estate in the Chatham area. While nearly 30.69% of residents own their homes outright in Chatham, 14.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Chatham is $17,101 per month. Households that rent pay about 11.96% of their income on rent here. Chatham's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- New Providence, NJ: less expensive homes
- Madison, NJ: less expensive homes
- Green Village, NJ: equally priced homes
- Summit, NJ: equally priced homes
- Florham Park, NJ: less expensive homes
- Short Hills, NJ: higher priced homes
- Berkeley Heights, NJ: less expensive homes
- Mountainside, NJ: less expensive homes
- New Vernon, NJ: higher priced homes
- Springfield, NJ: less expensive homes
Cities with Similar Populations
- Rockport, TX: less expensive homes
- Ciales, PR: less expensive homes
- Charles Town, WV: less expensive homes
- Chardon, OH: less expensive homes
- Rockmart, GA: less expensive homes
- Center Point, AL: less expensive homes
- Cedarburg, WI: less expensive homes
- Cedar Mill, OR: less expensive homes
- Cedar Lake, IN: less expensive homes
- Cantonment, FL: less expensive homes
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