Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Monmouth Junction area can be challenging. Home prices in Monmouth Junction are now at a median cost of $391,716, higher than the New Jersey average of $388,929.
The average cost of rent is $1,773/mo in Monmouth Junction, primarily driven by the current value of real estate in the Monmouth Junction area. While nearly 35.71% of residents own their homes outright in Monmouth Junction, 26.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monmouth Junction is $10,901 per month. Households that rent pay about 16.26% of their income on rent here. Monmouth Junction's most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Heathcote, NJ: equally priced homes
- Dayton, NJ: equally priced homes
- Kendall Park, NJ: higher priced homes
- Franklin Park, NJ: less expensive homes
- Kingston, NJ: equally priced homes
- East Rocky Hill, NJ: higher priced homes
- Plainsboro, NJ: higher priced homes
- Griggstown, NJ: higher priced homes
- Princeton Meadows, NJ: less expensive homes
- Pleasant Plains, NJ: higher priced homes
Cities with Similar Populations
- Marysville, CA: less expensive homes
- North Vernon, IN: less expensive homes
- North Reading, MA: higher priced homes
- North Providence, RI: less expensive homes
- North Potomac, MD: higher priced homes
- New Richmond, WI: less expensive homes
- New Milford, NJ: equally priced homes
- New Hyde Park, NY: higher priced homes
- Myrtle Grove, FL: less expensive homes
- Murraysville, NC: less expensive homes
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