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Affordable
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These days, finding an affordable place to live in the Matawan area can be challenging. Home prices in Matawan are now at a median cost of $477,635, lower than the New Jersey average of $496,577.
The average cost of rent is $1,851/mo in Matawan, primarily driven by the current value of real estate in the Matawan area. In Matawan, 32.03% of households rent, and 36.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Matawan is $10,686 per month. Households that rent pay about 17.32% of their income on rent here. Matawan’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cliffwood, NJ: less expensive homes
- Strathmore, NJ: higher priced homes
- Laurence Harbor, NJ: less expensive homes
- Keyport, NJ: less expensive homes
- Morganville, NJ: higher priced homes
- Madison Park, NJ: less expensive homes
- Hazlet, NJ: equally priced homes
- South Amboy, NJ: less expensive homes
- Union Beach, NJ: equally priced homes
- Parlin, NJ: equally priced homes
Cities with Similar Populations
- Commerce Township, MI: less expensive homes
- Tysons Corner, VA: higher priced homes
- Tumwater, WA: equally priced homes
- Tullahoma, TN: less expensive homes
- Trotwood, OH: less expensive homes
- Fallon, NV: less expensive homes
- Crystal, MN: less expensive homes
- Crofton, MD: equally priced homes
- Crescent City, CA: less expensive homes
- Crawfordsville, IN: less expensive homes
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