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These days, finding an affordable place to live in the Newfoundland area can be challenging. Home prices in Newfoundland are now at a median cost of $490,466, lower than the New Jersey average of $496,577.
The average cost of rent is $1,859/mo in Newfoundland, primarily driven by the current value of real estate in the Newfoundland area. In Newfoundland, 25.61% of households rent, and 38.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newfoundland is $11,528 per month. Households that rent pay about 16.13% of their income on rent here. Newfoundland’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.
Nearby Cities
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Cities with Similar Populations
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