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These days, finding an affordable place to live in the Ringwood area can be challenging. Home prices in Ringwood are now at a median cost of $465,410, lower than the New Jersey average of $496,577.
The average cost of rent is $2,011/mo in Ringwood, primarily driven by the current value of real estate in the Ringwood area. In Ringwood, 3.89% of households rent, and 30.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ringwood is $13,675 per month. Households that rent pay about 14.71% of their income on rent here. Ringwood’s most expensive areas are in the southeastern 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
- Wanaque, NJ: less expensive homes
- Oakland, NJ: higher priced homes
- Hillburn, NY: equally priced homes
- Sterlington, NY: higher priced homes
- West Milford, NJ: less expensive homes
- Mahwah, NJ: higher priced homes
- Sloatsburg, NY: equally priced homes
- Echo Lake, NJ: less expensive homes
- Bloomingdale, NJ: less expensive homes
- Pompton Lakes, NJ: equally priced homes
Cities with Similar Populations
- Yorkshire, VA: equally priced homes
- Annville, PA: less expensive homes
- Annapolis Neck, MD: higher priced homes
- Andover, NJ: equally priced homes
- Alma, MI: less expensive homes
- Amityville, NY: higher priced homes
- Amherst, NH: higher priced homes
- Olney, IL: less expensive homes
- Orono, ME: less expensive homes
- Orange Cove, CA: less expensive homes
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