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These days, finding an affordable place to live in the Rutherford area can be challenging. Home prices in Rutherford are now at a median cost of $598,768, higher than the New Jersey average of $496,577.
The average cost of rent is $2,065/mo in Rutherford, primarily driven by the current value of real estate in the Rutherford area. In Rutherford, 35.65% of households rent, and 41.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rutherford is $13,139 per month. Households that rent pay about 15.72% of their income on rent here. Rutherford’s most expensive areas are in the central 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
- East Rutherford, NJ: less expensive homes
- Carlstadt, NJ: equally priced homes
- Lyndhurst, NJ: less expensive homes
- Wallington, NJ: less expensive homes
- Wood-Ridge, NJ: equally priced homes
- Passaic, NJ: less expensive homes
- Nutley, NJ: less expensive homes
- North Arlington, NJ: less expensive homes
- Hasbrouck Heights, NJ: less expensive homes
- Moonachie, NJ: less expensive homes
Cities with Similar Populations
- Alexandria, KY: less expensive homes
- Alpena, MI: less expensive homes
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- Ammon, ID: less expensive homes
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- Angier, NC: less expensive homes
- Anoka, MN: less expensive homes
- Ansonia, CT: less expensive homes
- Arcadia, FL: less expensive homes
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