Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Shrewsbury area can be challenging. Home prices in Shrewsbury are now at a median cost of $562,367, higher than the New Jersey average of $388,929.
The average cost of rent is $1,810/mo in Shrewsbury, primarily driven by the current value of real estate in the Shrewsbury area. While nearly 33.09% of residents own their homes outright in Shrewsbury, 16.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shrewsbury is $12,234 per month. Households that rent pay about 14.80% of their income on rent here. Shrewsbury's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Little Silver, NJ: higher priced homes
- Fort Monmouth, NJ: less expensive homes
- Red Bank, NJ: less expensive homes
- Eatontown, NJ: less expensive homes
- Fair Haven, NJ: higher priced homes
- Oceanport, NJ: equally priced homes
- Lincroft, NJ: higher priced homes
- West Long Branch, NJ: equally priced homes
- Rumson, NJ: higher priced homes
- Long Branch, NJ: less expensive homes
Cities with Similar Populations
- West Barnstable, MA: equally priced homes
- Webster, FL: less expensive homes
- Wellsville, UT: less expensive homes
- Wayne, IL: less expensive homes
- Waymart, PA: less expensive homes
- Waukon, IA: less expensive homes
- Watervliet, MI: less expensive homes
- Warrenton, NC: less expensive homes
- Warsaw, NY: less expensive homes
- Warsaw, VA: less expensive homes
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