The Most Affordable Neighborhoods in New River, FL by Home Value

These days, finding an affordable place to live in the New River area can be challenging. Home prices in New River are now at a median cost of $172,504, lower than the Florida average of $396,783.

The average cost of rent is $786/mo in New River, primarily driven by the current value of real estate in the New River area. In New River, 29.07% of households rent, and 48.17% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in New River is $5,448 per month. Households that rent pay about 14.43% of their income on rent here. New River’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern 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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