Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hutchinson area can be challenging. Home prices in Hutchinson are now at a median cost of $291,792, lower than the New Jersey average of $388,929.
The average cost of rent is $1,140/mo in Hutchinson, primarily driven by the current value of real estate in the Hutchinson area. While nearly 33.88% of residents own their homes outright in Hutchinson, 18.31% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hutchinson is $6,957 per month. Households that rent pay about 16.39% of their income on rent here. Hutchinson's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Harmony, NJ: equally priced homes
- Brainards, NJ: equally priced homes
- Martins Creek, PA: less expensive homes
- Broadway, NJ: equally priced homes
- New Village, NJ: equally priced homes
- Belvidere, NJ: less expensive homes
- Stewartsville, NJ: higher priced homes
- Summerfield, NJ: higher priced homes
- Phillipsburg, NJ: less expensive homes
- Bridgeville, NJ: higher priced homes
Cities with Similar Populations
- Vernon, TN: less expensive homes
- Wanamie, PA: less expensive homes
- Walton, IL: less expensive homes
- Walnut Valley, NJ: higher priced homes
- Wallsboro, AL: less expensive homes
- Walls, OK: less expensive homes
- Village Creek, IA: less expensive homes
- Jonben, WV: less expensive homes
- Viewfield, SD: less expensive homes
- Waterville, MA: less expensive homes
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