Affordable
Expensive
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These days, finding an affordable place to live in the Springfield-Belmont area can be challenging. Home prices in Springfield-Belmont are now at a median cost of $403,266, lower than the Newark average of $403,669.
The average cost of rent is $950/mo in Springfield-Belmont, primarily driven by the current value of real estate in the Springfield-Belmont area. In Springfield-Belmont, 89.91% of households rent, and 36.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Springfield-Belmont is $3,115 per month. Households that rent pay about 30.49% of their income on rent here. Springfield-Belmont’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western 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
- University Heights, Newark, NJ: equally priced homes
- Central Business District, Newark, NJ: equally priced homes
- Lower Clinton Hill, Newark, NJ: less expensive homes
- Fairmuont, Newark, NJ: less expensive homes
- Upper Clinton Hill, Newark, NJ: equally priced homes
- South Ironbound, Newark, NJ: equally priced homes
- Seventh Avenue, Newark, NJ: less expensive homes
- North Ironbound, Newark, NJ: higher priced homes
- Lower Roseville, Newark, NJ: equally priced homes
Neighborhoods with Similar Populations
- Shaw, Washington, DC: higher priced homes
- North End, Bridgeport, CT: less expensive homes
- North Hills, El Paso, TX: less expensive homes
- North Park, Buffalo, NY: less expensive homes
- Northwest Corpus Christi, Corpus Christi, TX: less expensive homes
- O'Hare, Chicago, IL: less expensive homes
- Pine Grove, Chicago, IL: less expensive homes
- Pioneer Park, Las Vegas, NV: less expensive homes
- Sandtown-Southeastern Atlanta, Atlanta, GA: less expensive homes
- Sellwood-Moreland, Portland, OR: higher priced homes
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