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These days, finding an affordable place to live in the Madison Park area can be challenging. Home prices in Madison Park are now at a median cost of $409,689, lower than the New Jersey average of $496,577.
The average cost of rent is $1,537/mo in Madison Park, primarily driven by the current value of real estate in the Madison Park area. In Madison Park, 100.00% of households rent, and 35.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Madison Park is $4,651 per month. Households that rent pay about 33.05% of their income on rent here. Madison Park’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Parlin, NJ: higher priced homes
- South Amboy, NJ: equally priced homes
- Laurence Harbor, NJ: less expensive homes
- Sayreville, NJ: higher priced homes
- Cliffwood, NJ: equally priced homes
- Matawan, NJ: higher priced homes
- Old Bridge, NJ: higher priced homes
- Keyport, NJ: equally priced homes
- South River, NJ: equally priced homes
- Keasbey, NJ: less expensive homes
Cities with Similar Populations
- Campton, NH: less expensive homes
- York, AL: less expensive homes
- Woodlynne, NJ: less expensive homes
- Wellton, AZ: less expensive homes
- Weldon, TX: less expensive homes
- Warners, NY: less expensive homes
- Union, ME: less expensive homes
- Stanwood, MI: less expensive homes
- Soso, MS: less expensive homes
- Milroy, PA: less expensive homes
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