The Most Affordable Neighborhoods in Peapack and Gladstone, NJ by Home Value

 

Peapack and Gladstone, NJ Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Peapack and Gladstone area can be challenging. Home prices in Peapack and Gladstone are now at a median cost of $759,668, higher than the New Jersey average of $388,929.

The average cost of rent is $1,813/mo in Peapack and Gladstone, primarily driven by the current value of real estate in the Peapack and Gladstone area. While nearly 36.00% of residents own their homes outright in Peapack and Gladstone, 25.87% rent.

Housing affordability isn’t just about home prices, though. The average household income in Peapack and Gladstone is $11,406 per month. Households that rent pay about 15.89% of their income on rent here. Peapack and Gladstone's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.


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