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Affordable
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These days, finding an affordable place to live in the Thorofare area can be challenging. Home prices in Thorofare are now at a median cost of $296,045, lower than the New Jersey average of $496,577.
The average cost of rent is $1,738/mo in Thorofare, primarily driven by the current value of real estate in the Thorofare area. In Thorofare, 28.53% of households rent, and 34.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Thorofare is $8,782 per month. Households that rent pay about 19.79% of their income on rent here. Thorofare’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- National Park, NJ: less expensive homes
- Woodbury Heights, NJ: equally priced homes
- Woodbury, NJ: equally priced homes
- Paulsboro, NJ: less expensive homes
- Westville, NJ: less expensive homes
- Mount Royal, NJ: higher priced homes
- Wenonah, NJ: equally priced homes
- Clarksboro, NJ: higher priced homes
- Mantua, NJ: equally priced homes
- Brooklawn, NJ: less expensive homes
Cities with Similar Populations
- Shavertown, PA: less expensive homes
- Lake Park, GA: less expensive homes
- Lakes, AK: higher priced homes
- Lambertville, NJ: higher priced homes
- Landrum, SC: higher priced homes
- Lawrence, NY: higher priced homes
- Seaside, OR: higher priced homes
- Selmer, TN: less expensive homes
- Seven Points, TX: less expensive homes
- Sewickley, PA: higher priced homes
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