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Affordable
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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 $323,974, lower than the New Jersey average of $496,577.
The average cost of rent is $1,893/mo in Lower Bank, primarily driven by the current value of real estate in the Lower Bank area. In Lower Bank, 20.59% of households rent, and 45.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lower Bank is $7,571 per month. Households that rent pay about 25.00% of their income on rent here. Lower Bank’s most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: equally priced homes
- New Gretna, NJ: equally priced homes
- Egg Harbor City, NJ: less expensive homes
- Port Republic, NJ: higher 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: equally priced 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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