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These days, finding an affordable place to live in the Totowa area can be challenging. Home prices in Totowa are now at a median cost of $550,570, higher than the New Jersey average of $496,577.
The average cost of rent is $2,063/mo in Totowa, primarily driven by the current value of real estate in the Totowa area. In Totowa, 26.17% of households rent, and 35.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Totowa is $10,220 per month. Households that rent pay about 20.18% of their income on rent here. Totowa’s most expensive areas are in the northwestern 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
- Woodland Park, NJ: equally priced homes
- Little Falls, NJ: less expensive homes
- Haledon, NJ: less expensive homes
- Paterson, NJ: less expensive homes
- Prospect Park, NJ: less expensive homes
- Wayne, NJ: higher priced homes
- Cedar Grove, NJ: higher priced homes
- North Caldwell, NJ: higher priced homes
- North Haledon, NJ: equally priced homes
- Clifton, NJ: less expensive homes
Cities with Similar Populations
- Kennett, MO: less expensive homes
- Lake Elmo, MN: equally priced homes
- Wimberley, TX: equally priced homes
- Lake Butler, FL: less expensive homes
- Windsor Locks, CT: less expensive homes
- Winston, GA: less expensive homes
- La Pine, OR: less expensive homes
- Wood River, IL: less expensive homes
- Woodland Park, CO: equally priced homes
- Woodmere, NY: higher priced homes
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