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These days, finding an affordable place to live in the Rockaway area can be challenging. Home prices in Rockaway are now at a median cost of $471,934, lower than the New Jersey average of $496,577.
The average cost of rent is $1,934/mo in Rockaway, primarily driven by the current value of real estate in the Rockaway area. In Rockaway, 20.56% of households rent, and 32.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rockaway is $10,953 per month. Households that rent pay about 17.65% of their income on rent here. Rockaway’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hibernia, NJ: equally priced homes
- Denville, NJ: higher priced homes
- Dover, NJ: less expensive homes
- Lake Telemark, NJ: equally priced homes
- Victory Gardens, NJ: less expensive homes
- Wharton, NJ: less expensive homes
- Mount Tabor, NJ: equally priced homes
- Mount Hope, NJ: less expensive homes
- Mountain Lakes, NJ: higher priced homes
- Hurdtown, NJ: less expensive homes
Cities with Similar Populations
- Watauga, TX: less expensive homes
- Bronxville, NY: higher priced homes
- Brownwood, TX: less expensive homes
- Caledonia, MI: less expensive homes
- Caledonia, WI: less expensive homes
- Camuy, PR: less expensive homes
- Canandaigua, NY: less expensive homes
- Canby, OR: higher priced homes
- Capitol Heights, MD: less expensive homes
- Carrboro, NC: higher priced homes
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