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 $994,858, higher than the New Jersey average of $496,577.

The average cost of rent is $1,497/mo in Ship Bottom, primarily driven by the current value of real estate in the Ship Bottom area. In Ship Bottom, 8.37% of households rent, and 55.10% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Ship Bottom is $9,616 per month. Households that rent pay about 15.57% of their income on rent here. Ship Bottom’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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