Home Price Key
Affordable
Average
Expensive
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 $291,223, lower than the New Jersey average of $388,929.
The average cost of rent is $1,447/mo in New Brunswick, primarily driven by the current value of real estate in the New Brunswick area. While nearly 52.10% of residents own their homes outright in New Brunswick, 73.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Brunswick is $4,676 per month. Households that rent pay about 30.95% of their income on rent here. New Brunswick's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
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: higher priced homes
- East Brunswick, NJ: higher priced homes
- Edison, NJ: higher priced homes
- Sayreville, NJ: equally 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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