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These days, finding an affordable place to live in the Medford Lakes area can be challenging. Home prices in Medford Lakes are now at a median cost of $439,308, lower than the New Jersey average of $496,577.
The average cost of rent is $2,136/mo in Medford Lakes, primarily driven by the current value of real estate in the Medford Lakes area. In Medford Lakes, 8.23% of households rent, and 26.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Medford Lakes is $13,775 per month. Households that rent pay about 15.51% of their income on rent here. Medford Lakes’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Medford, NJ: higher priced homes
- Vincentown, NJ: equally priced homes
- Marlton, NJ: less expensive homes
- Indian Mills, NJ: less expensive homes
- Crowfoot, NJ: less expensive homes
- Tabernacle, NJ: equally priced homes
- Leisuretowne, NJ: less expensive homes
- Voorhees, NJ: equally priced homes
- Atco, NJ: less expensive homes
- West Berlin, NJ: equally priced homes
Cities with Similar Populations
- Millen, GA: less expensive homes
- Morganton, GA: less expensive homes
- Moraine, OH: less expensive homes
- Montague, MI: less expensive homes
- Monson, MA: less expensive homes
- Monroeville, NJ: less expensive homes
- Monkton, MD: higher priced homes
- Molino, FL: less expensive homes
- Mojave, CA: less expensive homes
- Moapa Valley, NV: less expensive homes
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