
Home Price Key
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 $1,364,600, higher than the Florida average of $278,762.
The average cost of rent is $1,656/mo in Manalapan, primarily driven by the current value of real estate in the Manalapan area. While nearly 58.88% of residents own their homes outright in Manalapan, 50.62% rent.
Housing affordability isn’t just about home prices, though. The average household income in Manalapan is $5,873 per month. Households that rent pay about 28.20% of their income on rent here. Manalapan's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
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