The Most Affordable Neighborhoods in Newfield, NJ by Home Value

 

Newfield, NJ Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Newfield area can be challenging. Home prices in Newfield are now at a median cost of $195,548, lower than the New Jersey average of $388,929.

The average cost of rent is $1,563/mo in Newfield, primarily driven by the current value of real estate in the Newfield area. While nearly 54.26% of residents own their homes outright in Newfield, 9.68% rent.

Housing affordability isn’t just about home prices, though. The average household income in Newfield is $6,652 per month. Households that rent pay about 23.50% of their income on rent here. Newfield's most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.


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