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These days, finding an affordable place to live in the North Ironbound area can be challenging. Home prices in North Ironbound are now at a median cost of $532,928, higher than the Newark average of $403,669.
The average cost of rent is $1,701/mo in North Ironbound, primarily driven by the current value of real estate in the North Ironbound area. In North Ironbound, 83.95% of households rent, and 55.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in North Ironbound is $5,457 per month. Households that rent pay about 31.17% of their income on rent here. North Ironbound’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Central Business District, Newark, NJ: less expensive homes
- South Ironbound, Newark, NJ: less expensive homes
- West Side, Newark, NJ: less expensive homes
- South Broad Street, Newark, NJ: less expensive homes
- Springfield-Belmont, Newark, NJ: less expensive homes
- University Heights, Newark, NJ: less expensive homes
- Mount Pleasant-Lower Broadway, Newark, NJ: less expensive homes
- Seventh Avenue, Newark, NJ: less expensive homes
- Lower Clinton Hill, Newark, NJ: less expensive homes
- Lower Roseville, Newark, NJ: less expensive homes
Neighborhoods with Similar Populations
- Valley High-North Laguna, Sacramento, CA: less expensive homes
- Downtown Jersey City, Jersey City, NJ: higher priced homes
- Downtown Long Beach, Long Beach, CA: higher priced homes
- Downtown Memphis, Memphis, TN: less expensive homes
- Downtown San Francisco, San Francisco, CA: higher priced homes
- Dunning, Chicago, IL: less expensive homes
- Dyker Heights, Brooklyn, NY: higher priced homes
- Eagle Rock, Los Angeles, CA: higher priced homes
- East Foothills, San Jose, CA: higher priced homes
- East Harlem, Manhattan, NY: higher priced homes
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