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These days, finding an affordable place to live in the Garwood area can be challenging. Home prices in Garwood are now at a median cost of $542,172, higher than the New Jersey average of $496,577.
The average cost of rent is $1,676/mo in Garwood, primarily driven by the current value of real estate in the Garwood area. In Garwood, 43.36% of households rent, and 30.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Garwood is $10,045 per month. Households that rent pay about 16.68% of their income on rent here. Garwood’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cranford, NJ: higher priced homes
- Westfield, NJ: higher priced homes
- Clark, NJ: higher priced homes
- Kenilworth, NJ: equally priced homes
- Mountainside, NJ: higher priced homes
- Scotch Plains, NJ: higher priced homes
- Roselle Park, NJ: less expensive homes
- Roselle, NJ: less expensive homes
- Fanwood, NJ: higher priced homes
- Springfield, NJ: higher priced homes
Cities with Similar Populations
- Posen, IL: less expensive homes
- Cave City, KY: less expensive homes
- Salem, SC: equally priced homes
- Salmon, ID: less expensive homes
- Bajadero, PR: less expensive homes
- Cassville, MO: less expensive homes
- Pulaski, NY: less expensive homes
- Pryor Creek, OK: less expensive homes
- Blauvelt, NY: higher priced homes
- Pottsboro, TX: less expensive homes
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