The Most Affordable Neighborhoods in Ship Bottom, NJ by Home Value

 

Ship Bottom, NJ Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Ship Bottom area can be challenging. Home prices in Ship Bottom are now at a median cost of $843,326, higher than the New Jersey average of $388,929.

The average cost of rent is $1,403/mo in Ship Bottom, primarily driven by the current value of real estate in the Ship Bottom area. While nearly 53.01% of residents own their homes outright in Ship Bottom, 11.32% rent.

Housing affordability isn’t just about home prices, though. The average household income in Ship Bottom is $7,797 per month. Households that rent pay about 17.99% of their income on rent here. Ship Bottom's most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.


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