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These days, finding an affordable place to live in the Teterboro area can be challenging. Home prices in Teterboro are now at a median cost of $476,349, lower than the New Jersey average of $496,577.
The average cost of rent is $1,939/mo in Teterboro, primarily driven by the current value of real estate in the Teterboro area. In Teterboro, 51.08% of households rent, and 37.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Teterboro is $7,605 per month. Households that rent pay about 25.50% of their income on rent here. Teterboro’s most expensive areas are in the western 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
- South Hackensack, NJ: higher priced homes
- Hasbrouck Heights, NJ: higher priced homes
- Little Ferry, NJ: equally priced homes
- Moonachie, NJ: less expensive homes
- Wood-Ridge, NJ: higher priced homes
- Lodi, NJ: equally priced homes
- Ridgefield Park, NJ: higher priced homes
- Bogota, NJ: higher priced homes
- Carlstadt, NJ: higher priced homes
- Hackensack, NJ: less expensive homes
Cities with Similar Populations
- Essex, CA: less expensive homes
- Four Mile, WV: less expensive homes
- Forrester, OK: less expensive homes
- Fairholm, WA: equally priced homes
- Evergreen, KY: less expensive homes
- Eula, AR: less expensive homes
- Euclid Heights, AR: less expensive homes
- Ethel, VA: less expensive homes
- Etam, WV: less expensive homes
- Esty, WV: less expensive homes
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