Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Paramus area can be challenging. Home prices in Paramus are now at a median cost of $601,989, higher than the New Jersey average of $388,929.
The average cost of rent is $2,525/mo in Paramus, primarily driven by the current value of real estate in the Paramus area. While nearly 40.15% of residents own their homes outright in Paramus, 12.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Paramus is $11,228 per month. Households that rent pay about 22.49% of their income on rent here. Paramus's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Oradell, NJ: higher priced homes
- Emerson, NJ: equally priced homes
- River Edge, NJ: less expensive homes
- Ridgewood, NJ: higher priced homes
- New Milford, NJ: less expensive homes
- Glen Rock, NJ: higher priced homes
- Fair Lawn, NJ: less expensive homes
- Ho-Ho-Kus, NJ: higher priced homes
- Hillsdale, NJ: equally priced homes
- Rochelle Park, NJ: less expensive homes
Cities with Similar Populations
- Bethel Park, PA: less expensive homes
- Opelousas, LA: less expensive homes
- Sapulpa, OK: less expensive homes
- San Luis, AZ: less expensive homes
- Ruskin, FL: less expensive homes
- Roseburg, OR: less expensive homes
- Reisterstown, MD: less expensive homes
- Ramona, CA: equally priced homes
- Prior Lake, MN: less expensive homes
- Placerville, CA: less expensive homes
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