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These days, finding an affordable place to live in the Midland Park area can be challenging. Home prices in Midland Park are now at a median cost of $601,057, higher than the New Jersey average of $496,577.
The average cost of rent is $1,872/mo in Midland Park, primarily driven by the current value of real estate in the Midland Park area. In Midland Park, 27.37% of households rent, and 43.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Midland Park is $11,739 per month. Households that rent pay about 15.95% of their income on rent here. Midland Park’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wyckoff, NJ: higher priced homes
- Waldwick, NJ: equally priced homes
- Ridgewood, NJ: higher priced homes
- Ho-Ho-Kus, NJ: higher priced homes
- Glen Rock, NJ: higher priced homes
- Allendale, NJ: higher priced homes
- Hawthorne, NJ: less expensive homes
- Saddle River, NJ: higher priced homes
- North Haledon, NJ: equally priced homes
- Franklin Lakes, NJ: higher priced homes
Cities with Similar Populations
- Morgantown, KY: less expensive homes
- Pocomoke City, MD: less expensive homes
- Plymouth, PA: less expensive homes
- Plymouth, NH: less expensive homes
- Mountville, PA: less expensive homes
- Mount Pleasant, NC: less expensive homes
- Mount Carmel, IL: less expensive homes
- Morrison, CO: higher priced homes
- Morris, MN: less expensive homes
- Morgantown, PA: less expensive homes
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