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These days, finding an affordable place to live in the Englewood Cliffs area can be challenging. Home prices in Englewood Cliffs are now at a median cost of $1,448,546, higher than the New Jersey average of $496,577.
The average cost of rent is $3,355/mo in Englewood Cliffs, primarily driven by the current value of real estate in the Englewood Cliffs area. In Englewood Cliffs, 16.52% of households rent, and 54.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Englewood Cliffs is $17,917 per month. Households that rent pay about 18.72% of their income on rent here. Englewood Cliffs’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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