Affordable
Expensive
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These days, finding an affordable place to live in the Koreatown area can be challenging. Home prices in Koreatown are now at a median cost of $747,032, higher than the Palisades Park average of $725,932.
The average cost of rent is $2,086/mo in Koreatown, primarily driven by the current value of real estate in the Koreatown area. In Koreatown, 64.37% of households rent, and 44.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Koreatown is $8,110 per month. Households that rent pay about 25.71% of their income on rent here. Koreatown’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Linwood, Fort Lee, NJ: less expensive homes
- Coytesville, Fort Lee, NJ: less expensive homes
- Colonial Village, Teaneck, NJ: less expensive homes
- Hamilton Heights, Manhattan, NY: equally priced homes
- Washington Heights, Manhattan, NY: less expensive homes
- Queen Anne Park, Teaneck, NJ: less expensive homes
- Morningside Heights, Manhattan, NY: higher priced homes
- Harlem, Manhattan, NY: higher priced homes
- West Englewood, Teaneck, NJ: less expensive homes
- Highbridge, Bronx, NY: less expensive homes
Neighborhoods with Similar Populations
- South Boulder, Boulder, CO: higher priced homes
- Civic Center, Stockton, CA: less expensive homes
- College Hill, Cincinnati, OH: less expensive homes
- Cove-East Side, Stamford, CT: less expensive homes
- Crawford, Chicago, IL: less expensive homes
- Crocker Amazon, San Francisco, CA: higher priced homes
- Gandy-Sun Bay South, Tampa, FL: less expensive homes
- Garfield Park, Grand Rapids, MI: less expensive homes
- Getty Square, Yonkers, NY: less expensive homes
- Glen-Fallstaff, Baltimore, MD: less expensive homes
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