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These days, finding an affordable place to live in the Dorchester area can be challenging. Home prices in Dorchester are now at a median cost of $208,660, lower than the New Jersey average of $496,577.
The average cost of rent is $1,361/mo in Dorchester, primarily driven by the current value of real estate in the Dorchester area. In Dorchester, 17.78% of households rent, and 54.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Dorchester is $6,735 per month. Households that rent pay about 20.21% of their income on rent here. Dorchester’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Heislerville, NJ: equally priced homes
- Leesburg, NJ: equally priced homes
- Mauricetown, NJ: less expensive homes
- Port Elizabeth, NJ: higher priced homes
- Delmont, NJ: higher priced homes
- Port Norris, NJ: less expensive homes
- Buckshutem, NJ: less expensive homes
- Laurel Lake, NJ: less expensive homes
- Menantico, NJ: higher priced homes
- Eldora, NJ: higher priced homes
Cities with Similar Populations
- Hickston, TX: higher priced homes
- Shamrock Shores, TX: less expensive homes
- Sharon, KS: less expensive homes
- Shelburne, MA: higher priced homes
- Sheldon, ND: less expensive homes
- Shepard, SC: less expensive homes
- Jameson, MN: less expensive homes
- Ita, NC: less expensive homes
- Huxford, AL: less expensive homes
- Hurley, MO: higher priced homes
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