Affordable
Expensive
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These days, finding an affordable place to live in the South Ironbound area can be challenging. Home prices in South Ironbound are now at a median cost of $416,004, higher than the Newark average of $403,669.
The average cost of rent is $1,505/mo in South Ironbound, primarily driven by the current value of real estate in the South Ironbound area. In South Ironbound, 85.23% of households rent, and 33.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Ironbound is $4,393 per month. Households that rent pay about 34.27% of their income on rent here. South Ironbound’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- South Broad Street, Newark, NJ: equally priced homes
- North Ironbound, Newark, NJ: higher priced homes
- Central Business District, Newark, NJ: equally priced homes
- Springfield-Belmont, Newark, NJ: equally priced homes
- Lower Clinton Hill, Newark, NJ: less expensive homes
- University Heights, Newark, NJ: less expensive homes
- Upper Clinton Hill, Newark, NJ: equally priced homes
- West Side, Newark, NJ: equally priced homes
- Weequahic, Newark, NJ: equally priced homes
- Fairmuont, Newark, NJ: less expensive homes
Neighborhoods with Similar Populations
- Congress Heights, Washington, DC: higher priced homes
- West 7th, St. Paul, MN: less expensive homes
- Talbot's Corner, Nashville, TN: less expensive homes
- South Semoran, Orlando, FL: less expensive homes
- South Redlands, Redlands, CA: higher priced homes
- Sky Line, San Diego, CA: higher priced homes
- River Mountain, Little Rock, AR: less expensive homes
- Park Hills, Yonkers, NY: higher priced homes
- Old Everett, Lansing, MI: less expensive homes
- North West Long Beach, Long Beach, CA: higher priced homes
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