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These days, finding an affordable place to live in the Essex Fells area can be challenging. Home prices in Essex Fells are now at a median cost of $1,195,375, higher than the New Jersey average of $496,577.
The average cost of rent is $3,497/mo in Essex Fells, primarily driven by the current value of real estate in the Essex Fells area. In Essex Fells, 3.56% of households rent, and 26.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Essex Fells is $20,499 per month. Households that rent pay about 17.06% of their income on rent here. Essex Fells’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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