Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Towaco area can be challenging. Home prices in Towaco are now at a median cost of $552,156, higher than the New Jersey average of $388,929.
The average cost of rent is $1,418/mo in Towaco, primarily driven by the current value of real estate in the Towaco area. While nearly 40.14% of residents own their homes outright in Towaco, 2.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Towaco is $12,549 per month. Households that rent pay about 11.30% of their income on rent here. Towaco's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Montville, NJ: equally priced homes
- Lincoln Park, NJ: less expensive homes
- Pequannock, NJ: less expensive homes
- Lake Hiawatha, NJ: less expensive homes
- Boonton, NJ: equally priced homes
- Pine Brook, NJ: equally priced homes
- Pompton Plains, NJ: less expensive homes
- Fairfield, NJ: equally priced homes
- Riverdale, NJ: less expensive homes
- Kinnelon, NJ: higher priced homes
Cities with Similar Populations
- Ravena, NY: less expensive homes
- Reminderville, OH: less expensive homes
- Reinholds, PA: less expensive homes
- Reedsport, OR: less expensive homes
- Reed City, MI: less expensive homes
- Redwood Valley, CA: less expensive homes
- Redwood Falls, MN: less expensive homes
- Red Bud, IL: less expensive homes
- Raymond, WA: less expensive homes
- Ray City, GA: less expensive homes
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