The Most Affordable Neighborhoods in Downtown Ridgewood, Ridgewood, NJ by Home Value

 

Downtown Ridgewood, Ridgewood, NJ Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Downtown Ridgewood area can be challenging. Home prices in Downtown Ridgewood are now at a median cost of $758,582, lower than the Ridgewood average of $790,015.

The average cost of rent is $2,057/mo in Downtown Ridgewood, primarily driven by the current value of real estate in the Downtown Ridgewood area. While nearly 33.18% of residents own their homes outright in Downtown Ridgewood, 46.93% rent.

Housing affordability isn’t just about home prices, though. The average household income in Downtown Ridgewood is $12,998 per month. Households that rent pay about 15.82% of their income on rent here. Downtown Ridgewood's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the neighborhood.


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