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Affordable
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These days, finding an affordable place to live in the Gloucester City area can be challenging. Home prices in Gloucester City are now at a median cost of $184,758, lower than the New Jersey average of $496,577.
The average cost of rent is $1,615/mo in Gloucester City, primarily driven by the current value of real estate in the Gloucester City area. In Gloucester City, 43.75% of households rent, and 38.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gloucester City is $6,362 per month. Households that rent pay about 25.39% of their income on rent here. Gloucester City’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Camden, NJ: less expensive homes
Cities with Similar Populations
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- Fairmont, MN: higher priced homes
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- Fairdale, KY: less expensive homes
- Etters, PA: higher priced homes
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