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Affordable
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These days, finding an affordable place to live in the Randolph area can be challenging. Home prices in Randolph are now at a median cost of $670,141, higher than the New Jersey average of $496,577.
The average cost of rent is $1,750/mo in Randolph, primarily driven by the current value of real estate in the Randolph area. In Randolph, 22.26% of households rent, and 38.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Randolph is $15,703 per month. Households that rent pay about 11.14% of their income on rent here. Randolph’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mine Hill, NJ: less expensive homes
- Victory Gardens, NJ: less expensive homes
- Dover, NJ: less expensive homes
- Brookside, NJ: higher priced homes
- Kenvil, NJ: less expensive homes
- Succasunna, NJ: less expensive homes
- Wharton, NJ: less expensive homes
- Mendham, NJ: higher priced homes
- Morris Plains, NJ: less expensive homes
- Hurdtown, NJ: less expensive homes
Cities with Similar Populations
- Festus, MO: less expensive homes
- Soddy-Daisy, TN: less expensive homes
- Smyrna, DE: less expensive homes
- Sidney, OH: less expensive homes
- Sherwood, OR: equally priced homes
- San Lorenzo, CA: higher priced homes
- Roanoke, TX: less expensive homes
- Lafayette, CA: higher priced homes
- Inkster, MI: less expensive homes
- Imperial Beach, CA: higher priced homes
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