The Most Affordable Neighborhoods in Moorestown-Lenola, NJ by Home Value

 

Moorestown-Lenola, NJ Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Moorestown-Lenola area can be challenging. Home prices in Moorestown-Lenola are now at a median cost of $594,894, higher than the New Jersey average of $496,577.

The average cost of rent is $1,597/mo in Moorestown-Lenola, primarily driven by the current value of real estate in the Moorestown-Lenola area. In Moorestown-Lenola, 20.67% of households rent, and 35.08% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Moorestown-Lenola is $12,029 per month. Households that rent pay about 13.27% of their income on rent here. Moorestown-Lenola’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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