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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 $352,003, lower than the New Jersey average of $496,577.
The average cost of rent is $1,754/mo in Hutchinson, primarily driven by the current value of real estate in the Hutchinson area. In Hutchinson, 11.15% of households rent, and 41.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hutchinson is $8,801 per month. Households that rent pay about 19.93% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Harmony, NJ: equally priced homes
- Brainards, NJ: equally priced homes
- Martins Creek, PA: less expensive homes
- Broadway, NJ: higher priced homes
- New Village, NJ: higher priced homes
- Belvidere, NJ: equally priced 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: equally priced homes
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