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These days, finding an affordable place to live in the Hackensack area can be challenging. Home prices in Hackensack are now at a median cost of $368,255, lower than the New Jersey average of $496,577.
The average cost of rent is $1,925/mo in Hackensack, primarily driven by the current value of real estate in the Hackensack area. In Hackensack, 63.32% of households rent, and 34.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hackensack is $7,893 per month. Households that rent pay about 24.38% of their income on rent here. Hackensack’s most expensive areas are in the southeastern 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
- Maywood, NJ: higher priced homes
- Bogota, NJ: higher priced homes
- South Hackensack, NJ: higher priced homes
- Lodi, NJ: higher priced homes
- Teaneck, NJ: higher priced homes
- Rochelle Park, NJ: higher priced homes
- Teterboro, NJ: higher priced homes
- Hasbrouck Heights, NJ: higher priced homes
- Ridgefield Park, NJ: higher priced homes
- Little Ferry, NJ: higher priced homes
Cities with Similar Populations
- Whitney, NV: less expensive homes
- Seguin, TX: less expensive homes
- Strongsville, OH: less expensive homes
- Thomasville, NC: less expensive homes
- Eagle Pass, TX: less expensive homes
- Duncanville, TX: less expensive homes
- Del Rio, TX: less expensive homes
- Cutler Bay, FL: higher priced homes
- Coral Gables, FL: higher priced homes
- Coppell, TX: higher priced homes
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