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These days, finding an affordable place to live in the Summerfield area can be challenging. Home prices in Summerfield are now at a median cost of $397,400, lower than the New Jersey average of $496,577.
The average cost of rent is $907/mo in Summerfield, primarily driven by the current value of real estate in the Summerfield area. In Summerfield, 22.22% of households rent, and 29.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summerfield is $9,299 per month. Households that rent pay about 9.75% of their income on rent here. Summerfield’s most expensive areas are in the central 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.
Nearby Cities
- Belvidere, NJ: less expensive homes
- Bridgeville, NJ: equally priced homes
- Buttzville, NJ: equally priced homes
- Oxford, NJ: less expensive homes
- Delaware, NJ: less expensive homes
- Mount Bethel, PA: less expensive homes
- Hutchinson, NJ: less expensive homes
- Mount Hermon, NJ: equally priced homes
- Broadway, NJ: equally priced homes
- Washington, NJ: less expensive homes
Cities with Similar Populations
- Spring Valley, SD: less expensive homes
- Spades, IN: less expensive homes
- Spafford, NY: less expensive homes
- Spanish Fort, TX: less expensive homes
- Sparksville, IN: less expensive homes
- Speed, KS: less expensive homes
- Spelter City, OK: less expensive homes
- Spires, IL: less expensive homes
- Spotville, AR: less expensive homes
- Spread, WV: less expensive homes
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