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These days, finding an affordable place to live in the Milltown area can be challenging. Home prices in Milltown are now at a median cost of $495,831, lower than the New Jersey average of $496,577.
The average cost of rent is $1,452/mo in Milltown, primarily driven by the current value of real estate in the Milltown area. In Milltown, 14.77% of households rent, and 28.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milltown is $13,217 per month. Households that rent pay about 10.99% of their income on rent here. Milltown’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- East Brunswick, NJ: equally priced homes
- North Brunswick, NJ: less expensive homes
- New Brunswick, NJ: less expensive homes
- South River, NJ: less expensive homes
- East Franklin, NJ: less expensive homes
- Highland Park, NJ: equally priced homes
- Spotswood, NJ: less expensive homes
- Sayreville, NJ: equally priced homes
- Helmetta, NJ: less expensive homes
- Somerset, NJ: equally priced homes
Cities with Similar Populations
- Salado, TX: equally priced homes
- Red Springs, NC: less expensive homes
- Roscommon, MI: less expensive homes
- Rotonda, FL: less expensive homes
- Roxborough Park, CO: higher priced homes
- Ruidoso, NM: less expensive homes
- Rumson, NJ: higher priced homes
- Runnemede, NJ: less expensive homes
- Rural Hall, NC: less expensive homes
- Rushville, IN: less expensive homes
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