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These days, finding an affordable place to live in the New Brunswick area can be challenging. Home prices in New Brunswick are now at a median cost of $400,540, lower than the New Jersey average of $496,577.
The average cost of rent is $1,821/mo in New Brunswick, primarily driven by the current value of real estate in the New Brunswick area. In New Brunswick, 77.61% of households rent, and 51.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Brunswick is $5,129 per month. Households that rent pay about 35.50% of their income on rent here. New Brunswick’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern 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 Franklin, NJ: equally priced homes
- Highland Park, NJ: higher priced homes
- Milltown, NJ: higher priced homes
- North Brunswick, NJ: higher priced homes
- Somerset, NJ: higher priced homes
- Piscataway, NJ: higher priced homes
- South River, NJ: equally priced homes
- East Brunswick, NJ: higher priced homes
- Edison, NJ: higher priced homes
- Sayreville, NJ: higher priced homes
Cities with Similar Populations
- Wilson, NC: less expensive homes
- Midwest City, OK: less expensive homes
- Waxahachie, TX: less expensive homes
- Plymouth, MA: higher priced homes
- Placentia, CA: higher priced homes
- Pinellas Park, FL: less expensive homes
- Apple Valley, MN: equally priced homes
- Massillon, OH: less expensive homes
- Mason, OH: higher priced homes
- Marana, AZ: equally priced homes
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