Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mendham area can be challenging. Home prices in Mendham are now at a median cost of $814,563, higher than the New Jersey average of $388,929.
The average cost of rent is $1,731/mo in Mendham, primarily driven by the current value of real estate in the Mendham area. While nearly 28.90% of residents own their homes outright in Mendham, 9.89% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mendham is $16,679 per month. Households that rent pay about 10.38% of their income on rent here. Mendham's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Brookside, NJ: less expensive homes
- Chester, NJ: less expensive homes
- Randolph, NJ: less expensive homes
- Bernardsville, NJ: equally priced homes
- Succasunna, NJ: less expensive homes
- Peapack and Gladstone, NJ: equally priced homes
- Far Hills, NJ: equally priced homes
- Madisonville, NJ: higher priced homes
- Morristown, NJ: less expensive homes
- Mine Hill, NJ: less expensive homes
Cities with Similar Populations
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- Acushnet, MA: less expensive homes
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- Airmont, NY: less expensive homes
- Albion, NY: less expensive homes
- Bloomingdale, TN: less expensive homes
- Oroville East, CA: less expensive homes
- Pecos, TX: less expensive homes
- Pearsall, TX: less expensive homes
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