Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Red Bank area can be challenging. Home prices in Red Bank are now at a median cost of $405,456, higher than the New Jersey average of $388,929.
The average cost of rent is $1,716/mo in Red Bank, primarily driven by the current value of real estate in the Red Bank area. While nearly 41.40% of residents own their homes outright in Red Bank, 24.18% rent.
Housing affordability isn’t just about home prices, though. The average household income in Red Bank is $8,566 per month. Households that rent pay about 20.04% of their income on rent here. Red Bank's most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Shrewsbury, NJ: higher priced homes
- Fair Haven, NJ: higher priced homes
- Little Silver, NJ: higher priced homes
- Lincroft, NJ: higher priced homes
- Fort Monmouth, NJ: less expensive homes
- Rumson, NJ: higher priced homes
- Eatontown, NJ: less expensive homes
- Middletown, NJ: higher priced homes
- Oceanport, NJ: higher priced homes
- Leonardo, NJ: higher priced homes
Cities with Similar Populations
- Crystal, MN: less expensive homes
- Tullahoma, TN: less expensive homes
- Trotwood, OH: less expensive homes
- Tipp City, OH: less expensive homes
- Tavares, FL: less expensive homes
- Farragut, TN: equally priced homes
- Eastmont, WA: higher priced homes
- East Renton Highlands, WA: higher priced homes
- East Moline, IL: less expensive homes
- Dover, NJ: less expensive homes
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