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Affordable
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These days, finding an affordable place to live in the Echo Lake area can be challenging. Home prices in Echo Lake are now at a median cost of $356,075, lower than the New Jersey average of $496,577.
The average cost of rent is $1,762/mo in Echo Lake, primarily driven by the current value of real estate in the Echo Lake area. In Echo Lake, 16.75% of households rent, and 30.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Echo Lake is $9,254 per month. Households that rent pay about 19.04% of their income on rent here. Echo Lake’s most expensive areas are in the central 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
- West Milford, NJ: equally priced homes
- Bloomingdale, NJ: higher priced homes
- Newfoundland, NJ: higher priced homes
- Butler, NJ: higher priced homes
- Green Pond, NJ: higher priced homes
- Kinnelon, NJ: higher priced homes
- Wanaque, NJ: higher priced homes
- Riverdale, NJ: higher priced homes
- Marcella, NJ: higher priced homes
- Pompton Lakes, NJ: higher priced homes
Cities with Similar Populations
- Petersburg, OH: less expensive homes
- Mount Holly, VT: less expensive homes
- Mulberry Grove, GA: less expensive homes
- Nemacolin, PA: less expensive homes
- Neversink, NY: less expensive homes
- New Galilee, PA: less expensive homes
- New Middletown, IN: less expensive homes
- New Point, IN: less expensive homes
- New Winchester, IN: less expensive homes
- Newent, CT: equally priced homes
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