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These days, finding an affordable place to live in the Fanwood area can be challenging. Home prices in Fanwood are now at a median cost of $637,593, higher than the New Jersey average of $496,577.
The average cost of rent is $2,518/mo in Fanwood, primarily driven by the current value of real estate in the Fanwood area. In Fanwood, 15.13% of households rent, and 31.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fanwood is $15,856 per month. Households that rent pay about 15.88% of their income on rent here. Fanwood’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Scotch Plains, NJ: higher priced homes
- Westfield, NJ: higher priced homes
- Plainfield, NJ: less expensive homes
- Mountainside, NJ: higher priced homes
- North Plainfield, NJ: less expensive homes
- Watchung, NJ: higher priced homes
- Garwood, NJ: less expensive homes
- Berkeley Heights, NJ: higher priced homes
- New Providence, NJ: higher priced homes
- Clark, NJ: equally priced homes
Cities with Similar Populations
- Spotswood, NJ: less expensive homes
- St. Augustine Shores, FL: less expensive homes
- Bridgeville, DE: less expensive homes
- Park City, KS: less expensive homes
- Pawcatuck, CT: less expensive homes
- Paulsboro, NJ: less expensive homes
- Pauls Valley, OK: less expensive homes
- Patterson, LA: less expensive homes
- Pascoag, RI: less expensive homes
- Parkville, PA: less expensive homes
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