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These days, finding an affordable place to live in the Tenafly area can be challenging. Home prices in Tenafly are now at a median cost of $1,138,214, higher than the New Jersey average of $496,577.
The average cost of rent is $3,271/mo in Tenafly, primarily driven by the current value of real estate in the Tenafly area. In Tenafly, 28.08% of households rent, and 37.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tenafly is $17,223 per month. Households that rent pay about 18.99% of their income on rent here. Tenafly’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cresskill, NJ: less expensive homes
- Bergenfield, NJ: less expensive homes
- Dumont, NJ: less expensive homes
- Englewood, NJ: less expensive homes
- DeMarest, NJ: equally priced homes
- Haworth, NJ: less expensive homes
- Englewood Cliffs, NJ: higher priced homes
- New Milford, NJ: less expensive homes
- Alpine, NJ: higher priced homes
- Teaneck, NJ: less expensive homes
Cities with Similar Populations
- Madison Heights, VA: less expensive homes
- Rathdrum, ID: less expensive homes
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- Parlier, CA: less expensive homes
- Newberry, FL: less expensive homes
- New Paltz, NY: less expensive homes
- Monroe, OH: less expensive homes
- Minden, LA: less expensive homes
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