The Most Affordable Neighborhoods in Gloucester County, NJ by Home Value

 

Gloucester County, NJ Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Gloucester County area can be challenging. Home prices in Gloucester County are now at a median cost of $243,778, lower than the New Jersey average of $388,929.

The average cost of rent is $1,384/mo in Gloucester County, primarily driven by the current value of real estate in the Gloucester County area. While nearly 30.47% of residents own their homes outright in Gloucester County, 21.45% rent.

Housing affordability isn’t just about home prices, though. The average household income in Gloucester County is $8,244 per month. Households that rent pay about 16.79% of their income on rent here. Gloucester County's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the county.


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