Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Passaic area can be challenging. Home prices in Passaic are now at a median cost of $321,274, lower than the New Jersey average of $388,929.
The average cost of rent is $1,241/mo in Passaic, primarily driven by the current value of real estate in the Passaic area. While nearly 46.39% of residents own their homes outright in Passaic, 78.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in Passaic is $4,524 per month. Households that rent pay about 27.42% of their income on rent here. Passaic's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Wallington, NJ: higher priced homes
- Clifton, NJ: higher priced homes
- Garfield, NJ: higher priced homes
- East Rutherford, NJ: higher priced homes
- Wood-Ridge, NJ: higher priced homes
- Rutherford, NJ: higher priced homes
- Carlstadt, NJ: higher priced homes
- Lodi, NJ: higher priced homes
- Hasbrouck Heights, NJ: higher priced homes
- Elmwood Park, NJ: higher priced homes
Cities with Similar Populations
- Duluth, GA: equally priced homes
- Duluth, MN: less expensive homes
- Dublin, CA: higher priced homes
- Concord, NC: less expensive homes
- Davie, FL: equally priced homes
- Deltona, FL: less expensive homes
- Dearborn, MI: less expensive homes
- Dalton, GA: less expensive homes
- Cranston, RI: less expensive homes
- Danbury, CT: equally priced homes
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