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Affordable
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These days, finding an affordable place to live in the Far Hills area can be challenging. Home prices in Far Hills are now at a median cost of $961,344, higher than the New Jersey average of $496,577.
The average cost of rent is $2,815/mo in Far Hills, primarily driven by the current value of real estate in the Far Hills area. In Far Hills, 11.94% of households rent, and 39.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Far Hills is $16,838 per month. Households that rent pay about 16.72% of their income on rent here. Far Hills’s most expensive areas are in the northeastern 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
- Peapack and Gladstone, NJ: less expensive homes
- Bernardsville, NJ: equally priced homes
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- Lamington, NJ: equally priced homes
- Pottersville, NJ: less expensive homes
- Mendham, NJ: equally priced homes
- Bernards, NJ: less expensive homes
- Madisonville, NJ: equally priced homes
Cities with Similar Populations
- Eldora, IA: less expensive homes
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- Rugby, ND: less expensive homes
- Rush, NY: less expensive homes
- Sistersville, WV: less expensive homes
- Soso, MS: less expensive homes
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