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These days, finding an affordable place to live in the Cranbury area can be challenging. Home prices in Cranbury are now at a median cost of $644,397, higher than the New Jersey average of $496,577.
The average cost of rent is $1,801/mo in Cranbury, primarily driven by the current value of real estate in the Cranbury area. In Cranbury, 30.92% of households rent, and 41.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cranbury is $13,882 per month. Households that rent pay about 12.97% of their income on rent here. Cranbury’s most expensive areas are in the northwestern 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
- Hightstown, NJ: less expensive homes
- Princeton Meadows, NJ: less expensive homes
- East Windsor, NJ: less expensive homes
- Plainsboro, NJ: higher priced homes
- Clearbrook Park, NJ: less expensive homes
- Princeton Junction, NJ: higher priced homes
- Twin Rivers, NJ: higher priced homes
- Windsor, NJ: equally priced homes
- Concordia, NJ: less expensive homes
- Penns Neck, NJ: higher priced homes
Cities with Similar Populations
- Parsons, KS: less expensive homes
- Wauseon, OH: less expensive homes
- Canyon Lake, CA: equally priced homes
- Cardiff By The Sea, CA: higher priced homes
- Catoosa, OK: less expensive homes
- Celebration, FL: equally priced homes
- Walkertown, NC: less expensive homes
- Central, SC: less expensive homes
- Dobbs Ferry, NY: higher priced homes
- Paris, IL: less expensive homes
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