Affordable
Expensive
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These days, finding an affordable place to live in the Lower Vailsburg area can be challenging. Home prices in Lower Vailsburg are now at a median cost of $368,113, lower than the Newark average of $403,669.
The average cost of rent is $1,272/mo in Lower Vailsburg, primarily driven by the current value of real estate in the Lower Vailsburg area. In Lower Vailsburg, 68.65% of households rent, and 32.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lower Vailsburg is $4,961 per month. Households that rent pay about 25.63% of their income on rent here. Lower Vailsburg’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Upper Vailsburg, Newark, NJ: equally priced homes
- Academy Heights, Orange, NJ: higher priced homes
- Upper Clinton Hill, Newark, NJ: equally priced homes
- Fairmuont, Newark, NJ: less expensive homes
- Weequahic, Newark, NJ: equally priced homes
- Lower Clinton Hill, Newark, NJ: less expensive homes
- Hutton Park, West Orange, NJ: higher priced homes
- Springfield-Belmont, Newark, NJ: higher priced homes
- University Heights, Newark, NJ: equally priced homes
- Lower Roseville, Newark, NJ: higher priced homes
Neighborhoods with Similar Populations
- Seattle Hill-Silver Firs, Silver Firs, WA: higher priced homes
- Ellsworth, Elmwood Park, IL: less expensive homes
- Encanto, San Diego, CA: higher priced homes
- Englewood, Chicago, IL: less expensive homes
- Fairfield, Cypress, TX: equally priced homes
- First Hill, Seattle, WA: higher priced homes
- Frankford, Baltimore, MD: less expensive homes
- Franklin Park, Austin, TX: less expensive homes
- Gandy-Sun Bay South, Tampa, FL: higher priced homes
- Garfield Park, Grand Rapids, MI: less expensive homes
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