Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Rumson area can be challenging. Home prices in Rumson are now at a median cost of $1,212,421, higher than the New Jersey average of $388,929.
The average cost of rent is $2,173/mo in Rumson, primarily driven by the current value of real estate in the Rumson area. While nearly 33.98% of residents own their homes outright in Rumson, 8.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rumson is $18,199 per month. Households that rent pay about 11.94% of their income on rent here. Rumson's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
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Cities with Similar Populations
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- Manhasset, NY: equally priced homes
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- Mendota, IL: less expensive homes
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