Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Farmingdale area can be challenging. Home prices in Farmingdale are now at a median cost of $501,959, higher than the New Jersey average of $388,929.
The average cost of rent is $2,092/mo in Farmingdale, primarily driven by the current value of real estate in the Farmingdale area. While nearly 39.02% of residents own their homes outright in Farmingdale, 13.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Farmingdale is $7,933 per month. Households that rent pay about 26.38% of their income on rent here. Farmingdale's most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Jerseyville, NJ: higher priced homes
- Collingwood Park, NJ: higher priced homes
- Reevytown, NJ: equally priced homes
- Carmerville, NJ: equally priced homes
- Howell, NJ: less expensive homes
- Allenwood, NJ: equally priced homes
- Freehold, NJ: less expensive homes
- Neptune, NJ: less expensive homes
- Tinton Falls, NJ: less expensive homes
- Shark River Hills, NJ: less expensive homes
Cities with Similar Populations
- Becker, MN: less expensive homes
- Springfield, GA: less expensive homes
- Palmer, PR: less expensive homes
- Park Rapids, MN: less expensive homes
- Park City, UT: higher priced homes
- Park City, IL: less expensive homes
- Paoli, PA: equally priced homes
- Palmview, TX: less expensive homes
- Palmview South, TX: less expensive homes
- Palmetto, GA: less expensive homes
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