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These days, finding an affordable place to live in the Lodi area can be challenging. Home prices in Lodi are now at a median cost of $490,545, lower than the New Jersey average of $496,577.
The average cost of rent is $1,678/mo in Lodi, primarily driven by the current value of real estate in the Lodi area. In Lodi, 57.39% of households rent, and 35.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lodi is $8,740 per month. Households that rent pay about 19.20% of their income on rent here. Lodi’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hasbrouck Heights, NJ: higher priced homes
- Garfield, NJ: equally priced homes
- Teterboro, NJ: equally priced homes
- Wood-Ridge, NJ: higher priced homes
- Hackensack, NJ: less expensive homes
- Saddle Brook, NJ: equally priced homes
- Wallington, NJ: equally priced homes
- Maywood, NJ: equally priced homes
- South Hackensack, NJ: higher priced homes
- Rochelle Park, NJ: higher priced homes
Cities with Similar Populations
- Parlin, NJ: equally priced homes
- McKeesport, PA: less expensive homes
- Meadville, PA: less expensive homes
- Mercer Island, WA: higher priced homes
- Milford Mill, MD: less expensive homes
- Mokena, IL: less expensive homes
- Mountain Home, AR: less expensive homes
- New Albany, OH: higher priced homes
- New Caney, TX: less expensive homes
- New Milford, CT: less expensive homes
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