The Most Affordable Neighborhoods in Five Points, NJ by Home Value

 

Five Points, NJ Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Five Points area can be challenging. Home prices in Five Points are now at a median cost of $234,387, lower than the New Jersey average of $388,929.

The average cost of rent is $1,266/mo in Five Points, primarily driven by the current value of real estate in the Five Points area. While nearly 32.85% of residents own their homes outright in Five Points, 4.85% rent.

Housing affordability isn’t just about home prices, though. The average household income in Five Points is $8,636 per month. Households that rent pay about 14.66% of their income on rent here. Five Points's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.


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