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These days, finding an affordable place to live in the Highland Park area can be challenging. Home prices in Highland Park are now at a median cost of $502,131, higher than the New Jersey average of $496,577.
The average cost of rent is $1,875/mo in Highland Park, primarily driven by the current value of real estate in the Highland Park area. In Highland Park, 59.72% of households rent, and 39.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Highland Park is $10,475 per month. Households that rent pay about 17.90% of their income on rent here. Highland Park’s most expensive areas are in the western 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
- New Brunswick, NJ: less expensive homes
- East Franklin, NJ: less expensive homes
- Milltown, NJ: equally priced homes
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- Edison, NJ: equally priced homes
- Somerset, NJ: equally priced homes
- South River, NJ: less expensive homes
- North Brunswick, NJ: less expensive homes
- Metuchen, NJ: equally priced homes
- East Brunswick, NJ: equally priced homes
Cities with Similar Populations
- Keansburg, NJ: less expensive homes
- San German, PR: less expensive homes
- Rutherfordton, NC: less expensive homes
- Roma, TX: less expensive homes
- Rathdrum, ID: equally priced homes
- Leon Valley, TX: less expensive homes
- Lake Wylie, SC: equally priced homes
- Lake Villa, IL: less expensive homes
- Lake Ronkonkoma, NY: equally priced homes
- Killen, AL: less expensive homes
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