Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lakewood area can be challenging. Home prices in Lakewood are now at a median cost of $408,371, higher than the New Jersey average of $388,929.
The average cost of rent is $1,621/mo in Lakewood, primarily driven by the current value of real estate in the Lakewood area. While nearly 33.94% of residents own their homes outright in Lakewood, 47.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lakewood is $4,970 per month. Households that rent pay about 32.61% of their income on rent here. Lakewood's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Howell, NJ: less expensive homes
- Brick, NJ: less expensive homes
- Cedar Glen West, NJ: less expensive homes
- Jackson, NJ: equally priced homes
- Pine Lake Park, NJ: less expensive homes
- Toms River, NJ: less expensive homes
- Holmansville, NJ: equally priced homes
- Allenwood, NJ: higher priced homes
- Point Pleasant, NJ: equally priced homes
- Lakehurst, NJ: less expensive homes
Cities with Similar Populations
- Georgetown, TX: less expensive homes
- Hagerstown, MD: less expensive homes
- Goodyear, AZ: less expensive homes
- Hammond, IN: less expensive homes
- Greenwood, IN: less expensive homes
- Gary, IN: less expensive homes
- Hamilton, OH: less expensive homes
- Grand Rapids, MI: less expensive homes
- Grand Prairie, TX: less expensive homes
- Glendale, CA: higher priced homes
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