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These days, finding an affordable place to live in the Hamburg area can be challenging. Home prices in Hamburg are now at a median cost of $339,327, lower than the New Jersey average of $496,577.
The average cost of rent is $1,903/mo in Hamburg, primarily driven by the current value of real estate in the Hamburg area. In Hamburg, 24.80% of households rent, and 31.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hamburg is $8,829 per month. Households that rent pay about 21.55% of their income on rent here. Hamburg’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Franklin, NJ: less expensive homes
- Stockholm, NJ: higher priced homes
- Vernon, NJ: equally priced homes
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- Pellettown, NJ: higher priced homes
- Highland Lake, NJ: equally priced homes
- South Ogdensburg, NJ: higher priced homes
- Wantage, NJ: higher priced homes
- Augusta, NJ: higher priced homes
Cities with Similar Populations
- St. Anthony, MN: equally priced homes
- St. Pauls, NC: less expensive homes
- St. Pete Beach, FL: higher priced homes
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- Wyoming, MN: higher priced homes
- Benton City, WA: higher priced homes
- Altoona, WI: less expensive homes
- Alto, MI: higher priced homes
- York, NE: less expensive homes
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