Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Florham Park area can be challenging. Home prices in Florham Park are now at a median cost of $622,210, higher than the New Jersey average of $388,929.
The average cost of rent is $2,592/mo in Florham Park, primarily driven by the current value of real estate in the Florham Park area. While nearly 43.06% of residents own their homes outright in Florham Park, 38.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in Florham Park is $10,126 per month. Households that rent pay about 25.60% of their income on rent here. Florham Park's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Madison, NJ: higher priced homes
- Chatham, NJ: higher priced homes
- East Hanover, NJ: equally priced homes
- Whippany, NJ: less expensive homes
- Green Village, NJ: higher priced homes
- Livingston, NJ: higher priced homes
- Summit, NJ: higher priced homes
- Short Hills, NJ: higher priced homes
- Cedar Knolls, NJ: less expensive homes
- Morristown, NJ: equally priced homes
Cities with Similar Populations
- Orrville, OH: less expensive homes
- Newport East, RI: less expensive homes
- Newport, MI: less expensive homes
- Noble, OK: less expensive homes
- Nokomis, FL: less expensive homes
- North Auburn, CA: less expensive homes
- North Bellport, NY: less expensive homes
- North Lindenhurst, NY: less expensive homes
- Oneonta, AL: less expensive homes
- Newcastle, WA: higher priced homes
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