Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Vernon area can be challenging. Home prices in New Vernon are now at a median cost of $1,210,466, higher than the New Jersey average of $388,929.
The average cost of rent is $1,496/mo in New Vernon, primarily driven by the current value of real estate in the New Vernon area. While nearly 57.62% of residents own their homes outright in New Vernon, 23.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Vernon is $12,363 per month. Households that rent pay about 12.10% of their income on rent here. New Vernon's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
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Cities with Similar Populations
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