Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lower Bank area can be challenging. Home prices in Lower Bank are now at a median cost of $271,345, lower than the New Jersey average of $388,929.
The average cost of rent is $1,542/mo in Lower Bank, primarily driven by the current value of real estate in the Lower Bank area. While nearly 32.90% of residents own their homes outright in Lower Bank, 29.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lower Bank is $7,310 per month. Households that rent pay about 21.10% of their income on rent here. Lower Bank's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Wading River, NJ: equally priced homes
- Green Bank, NJ: equally priced homes
- Herman, NJ: equally priced homes
- Leektown, NJ: equally priced homes
- Weekstown, NJ: less expensive homes
- New Gretna, NJ: equally priced homes
- Egg Harbor City, NJ: less expensive homes
- Port Republic, NJ: equally priced homes
- Sweetwater, NJ: equally priced homes
- Devonshire, NJ: equally priced homes
Cities with Similar Populations
- Frannie, WY: less expensive homes
- Swanton, NE: less expensive homes
- Stubblefield, IL: less expensive homes
- Stringtown, WA: less expensive homes
- Ganges, OH: less expensive homes
- Gambill, IN: less expensive homes
- Frost, OH: less expensive homes
- Fremont, MN: less expensive homes
- Freeny, MS: less expensive homes
- Freemansburg, WV: less expensive homes
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