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These days, finding an affordable place to live in the Fort Monmouth area can be challenging. Home prices in Fort Monmouth are now at a median cost of $344,400, lower than the New Jersey average of $388,929.
The average cost of rent is $1,411/mo in Fort Monmouth, primarily driven by the current value of real estate in the Fort Monmouth area. While nearly 41.60% of residents own their homes outright in Fort Monmouth, 27.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fort Monmouth is $6,412 per month. Households that rent pay about 22.01% of their income on rent here. Fort Monmouth's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Eatontown, NJ: equally priced homes
- Shrewsbury, NJ: higher priced homes
- Oceanport, NJ: higher priced homes
- Little Silver, NJ: higher priced homes
- West Long Branch, NJ: higher priced homes
- Long Branch, NJ: higher priced homes
- Red Bank, NJ: higher priced homes
- Fair Haven, NJ: higher priced homes
- Oakhurst, NJ: higher priced homes
- Tinton Falls, NJ: equally priced homes
Cities with Similar Populations
- Herrickville, PA: less expensive homes
- St. James, TN: less expensive homes
- St. Elmo, KY: less expensive homes
- Spencer Settlement, NY: less expensive homes
- South Windham, ME: less expensive homes
- South Newstead, NY: less expensive homes
- Sky Valley, GA: less expensive homes
- Hillsville, PA: less expensive homes
- Highlands-Baywood Park, CA: higher priced homes
- High Bridge Estates, MD: higher priced homes
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