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These days, finding an affordable place to live in the Manalapan area can be challenging. Home prices in Manalapan are now at a median cost of $2,000,001, higher than the Florida average of $396,783.
The average cost of rent is $3,501/mo in Manalapan, primarily driven by the current value of real estate in the Manalapan area. In Manalapan, 41.72% of households rent, and 48.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Manalapan is $6,500 per month. Households that rent pay about 53.86% of their income on rent here. Manalapan’s most expensive areas are in the central 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.
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