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These days, finding an affordable place to live in the East Hanover area can be challenging. Home prices in East Hanover are now at a median cost of $729,744, higher than the New Jersey average of $496,577.
The average cost of rent is $2,695/mo in East Hanover, primarily driven by the current value of real estate in the East Hanover area. In East Hanover, 9.72% of households rent, and 43.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in East Hanover is $13,716 per month. Households that rent pay about 19.65% of their income on rent here. East Hanover’s most expensive areas are in the southwestern 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
- Livingston, NJ: higher priced homes
- Roseland, NJ: equally priced homes
- Whippany, NJ: less expensive homes
- Florham Park, NJ: equally priced homes
- Pine Brook, NJ: less expensive homes
- Parsippany, NJ: less expensive homes
- Essex Fells, NJ: higher priced homes
- Caldwell, NJ: less expensive homes
- Lake Hiawatha, NJ: less expensive homes
- Cedar Knolls, NJ: less expensive homes
Cities with Similar Populations
- Gulfport, FL: less expensive homes
- Haverstraw, NY: less expensive homes
- Hartsville, TN: less expensive homes
- Harrison, MI: less expensive homes
- Harrah, OK: less expensive homes
- Hanover, NH: higher priced homes
- Hanceville, AL: less expensive homes
- Hampshire, IL: less expensive homes
- Hamlet, NC: less expensive homes
- Hamburg, PA: less expensive homes
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