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These days, finding an affordable place to live in the Somers Point area can be challenging. Home prices in Somers Point are now at a median cost of $327,479, lower than the New Jersey average of $496,577.
The average cost of rent is $1,421/mo in Somers Point, primarily driven by the current value of real estate in the Somers Point area. In Somers Point, 43.82% of households rent, and 45.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Somers Point is $6,372 per month. Households that rent pay about 22.31% of their income on rent here. Somers Point’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Linwood, NJ: higher priced homes
- Ocean City, NJ: higher priced homes
- Longport, NJ: higher priced homes
- Northfield, NJ: equally priced homes
- Egg Harbor Township, NJ: equally priced homes
- Margate City, NJ: higher priced homes
- Marmora, NJ: higher priced homes
- Pleasantville, NJ: less expensive homes
- Ventnor City, NJ: higher priced homes
- Palermo, NJ: higher priced homes
Cities with Similar Populations
- Darby, PA: less expensive homes
- Timonium, MD: higher priced homes
- Timberlake, VA: less expensive homes
- Dublin, VA: less expensive homes
- Diamondhead, MS: less expensive homes
- DeMotte, IN: less expensive homes
- Del Aire, CA: higher priced homes
- Deer Park, WA: higher priced homes
- Decorah, IA: less expensive homes
- Tonganoxie, KS: equally priced homes
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