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These days, finding an affordable place to live in the Fort Lee area can be challenging. Home prices in Fort Lee are now at a median cost of $541,233, higher than the New Jersey average of $496,577.
The average cost of rent is $2,404/mo in Fort Lee, primarily driven by the current value of real estate in the Fort Lee area. In Fort Lee, 44.58% of households rent, and 54.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fort Lee is $10,211 per month. Households that rent pay about 23.54% of their income on rent here. Fort Lee’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Leonia, NJ: higher priced homes
- Palisades Park, NJ: higher priced homes
- Ridgefield, NJ: higher priced homes
- Cliffside Park, NJ: higher priced homes
- Edgewater, NJ: higher priced homes
- Englewood Cliffs, NJ: higher priced homes
- Ridgefield Park, NJ: equally priced homes
- Fairview, NJ: equally priced homes
- Englewood, NJ: higher priced homes
- Bogota, NJ: equally priced homes
Cities with Similar Populations
- Woodlawn, MD: less expensive homes
- Security-Widefield, CO: less expensive homes
- South Salt Lake, UT: less expensive homes
- Hillsborough, NJ: equally priced homes
- South Valley, NM: less expensive homes
- Greenwich, CT: higher priced homes
- Fairborn, OH: less expensive homes
- Estero, FL: higher priced homes
- Summit, AZ: less expensive homes
- East Point, GA: less expensive homes
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