The Most Affordable Neighborhoods in Old Tappan, NJ by Home Value

 

Old Tappan, NJ Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Old Tappan area can be challenging. Home prices in Old Tappan are now at a median cost of $754,879, higher than the New Jersey average of $388,929.

The average cost of rent is $2,199/mo in Old Tappan, primarily driven by the current value of real estate in the Old Tappan area. While nearly 37.63% of residents own their homes outright in Old Tappan, 12.75% rent.

Housing affordability isn’t just about home prices, though. The average household income in Old Tappan is $14,926 per month. Households that rent pay about 14.74% of their income on rent here. Old Tappan's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.


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