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Affordable
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These days, finding an affordable place to live in the River Edge area can be challenging. Home prices in River Edge are now at a median cost of $643,837, higher than the New Jersey average of $496,577.
The average cost of rent is $1,894/mo in River Edge, primarily driven by the current value of real estate in the River Edge area. In River Edge, 23.78% of households rent, and 40.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in River Edge is $14,388 per month. Households that rent pay about 13.16% of their income on rent here. River Edge’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- New Milford, NJ: equally priced homes
- Oradell, NJ: higher priced homes
- Bergenfield, NJ: less expensive homes
- Maywood, NJ: less expensive homes
- Rochelle Park, NJ: less expensive homes
- Paramus, NJ: higher priced homes
- Dumont, NJ: less expensive homes
- Hackensack, NJ: less expensive homes
- Teaneck, NJ: less expensive homes
- Saddle Brook, NJ: less expensive homes
Cities with Similar Populations
- Norwich, NY: less expensive homes
- Nokomis, FL: less expensive homes
- Norfolk, MA: higher priced homes
- North Bellport, NY: less expensive homes
- North Billerica, MA: equally priced homes
- North East, PA: less expensive homes
- North Lindenhurst, NY: less expensive homes
- North Merrick, NY: equally priced homes
- North Smithfield, RI: less expensive homes
- North St. Paul, MN: less expensive homes
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