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These days, finding an affordable place to live in the Cranford area can be challenging. Home prices in Cranford are now at a median cost of $671,432, higher than the New Jersey average of $496,577.
The average cost of rent is $2,057/mo in Cranford, primarily driven by the current value of real estate in the Cranford area. In Cranford, 22.49% of households rent, and 33.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cranford is $13,655 per month. Households that rent pay about 15.06% of their income on rent here. Cranford’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Garwood, NJ: less expensive homes
- Kenilworth, NJ: less expensive homes
- Westfield, NJ: higher priced homes
- Roselle Park, NJ: less expensive homes
- Roselle, NJ: less expensive homes
- Clark, NJ: less expensive homes
- Linden, NJ: less expensive homes
- Mountainside, NJ: higher priced homes
- Springfield, NJ: less expensive homes
- Union, NJ: less expensive homes
Cities with Similar Populations
- Lynden, WA: equally priced homes
- Kennett Square, PA: less expensive homes
- King George, VA: less expensive homes
- Laguna Beach, CA: higher priced homes
- Latrobe, PA: less expensive homes
- Lebanon, MO: less expensive homes
- Lemont, IL: less expensive homes
- Libertyville, IL: less expensive homes
- Lincolnia, VA: equally priced homes
- Little River, SC: less expensive homes
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