Home Price Key
Affordable
Average
Expensive
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 $321,768, lower than the New Jersey average of $388,929.
The average cost of rent is $1,340/mo in Madison Park, primarily driven by the current value of real estate in the Madison Park area. While nearly 32.33% of residents own their homes outright in Madison Park, 40.94% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison Park is $4,635 per month. Households that rent pay about 28.91% of their income on rent here. Madison Park's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Parlin, NJ: equally priced homes
- South Amboy, NJ: equally priced homes
- Laurence Harbor, NJ: less expensive homes
- Sayreville, NJ: equally priced homes
- Cliffwood, NJ: equally priced homes
- Matawan, NJ: equally priced homes
- Old Bridge, NJ: higher priced homes
- Keyport, NJ: less expensive homes
- South River, NJ: equally priced homes
- Keasbey, NJ: less expensive homes
Cities with Similar Populations
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- 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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