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Affordable
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These days, finding an affordable place to live in the Ledgewood area can be challenging. Home prices in Ledgewood are now at a median cost of $502,394, higher than the New Jersey average of $496,577.
The average cost of rent is $2,180/mo in Ledgewood, primarily driven by the current value of real estate in the Ledgewood area. In Ledgewood, 18.80% of households rent, and 35.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ledgewood is $11,298 per month. Households that rent pay about 19.30% of their income on rent here. Ledgewood’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Succasunna, NJ: equally priced homes
- Landing, NJ: less expensive homes
- Kenvil, NJ: less expensive homes
- Netcong, NJ: less expensive homes
- Mount Arlington, NJ: equally priced homes
- Flanders, NJ: equally priced homes
- Mine Hill, NJ: less expensive homes
- Hurdtown, NJ: less expensive homes
- Stanhope, NJ: less expensive homes
- Budd Lake, NJ: less expensive homes
Cities with Similar Populations
- Waldoboro, ME: less expensive homes
- Suttons Bay, MI: less expensive homes
- Sumas, WA: equally priced homes
- Nixon, TX: less expensive homes
- Shiner, TX: less expensive homes
- Jamesville, NC: less expensive homes
- New Ringgold, PA: less expensive homes
- Westhampton Beach, NY: higher priced homes
- Southern Shops, SC: less expensive homes
- Sandstone, MN: less expensive homes
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