Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Fairmuont area can be challenging. Home prices in Fairmuont are now at a median cost of $245,429, lower than the Newark average of $291,901.
The average cost of rent is $1,278/mo in Fairmuont, primarily driven by the current value of real estate in the Fairmuont area. While nearly 18.05% of residents own their homes outright in Fairmuont, 68.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fairmuont is $3,838 per month. Households that rent pay about 33.29% of their income on rent here. Fairmuont's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Nearby Neighborhoods
- University Heights, Newark, NJ: equally priced homes
- Lower Roseville, Newark, NJ: higher priced homes
- Springfield-Belmont, Newark, NJ: less expensive homes
- Upper Vailsburg, Newark, NJ: equally priced homes
- Seventh Avenue, Newark, NJ: higher priced homes
- Central Business District, Newark, NJ: higher priced homes
- Upper Clinton Hill, Newark, NJ: equally priced homes
- Mount Pleasant-Lower Broadway, Newark, NJ: higher priced homes
- South Broad Street, Newark, NJ: higher priced homes
- Lower Clinton Hill, Newark, NJ: equally priced homes
Neighborhoods with Similar Populations
- Downtown Pittsfield, Ann Arbor, MI: higher priced homes
- Little Italy, Manhattan, NY: higher priced homes
- Highland Garden, Hollywood, FL: equally priced homes
- Everett Mall South, Everett, WA: higher priced homes
- East Houston, Houston, TX: less expensive homes
- Downtown Pasadena, Pasadena, TX: less expensive homes
- Downtown Minneapolis, St. Paul, MN: equally priced homes
- Concordia, Portland, OR: higher priced homes
- Chinatown-San Francisco, San Francisco, CA: higher priced homes
- Chestnut Hill, Philadelphia, PA: higher priced homes
All Local Stats
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