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These days, finding an affordable place to live in the Verona area can be challenging. Home prices in Verona are now at a median cost of $622,173, higher than the New Jersey average of $496,577.
The average cost of rent is $2,115/mo in Verona, primarily driven by the current value of real estate in the Verona area. In Verona, 20.46% of households rent, and 37.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Verona is $14,246 per month. Households that rent pay about 14.85% of their income on rent here. Verona’s most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cedar Grove, NJ: equally priced homes
- Essex Fells, NJ: higher priced homes
- Montclair, NJ: higher priced homes
- North Caldwell, NJ: higher priced homes
- Upper Montclair, NJ: higher priced homes
- Caldwell, NJ: equally priced homes
- Glen Ridge, NJ: higher priced homes
- Little Falls, NJ: less expensive homes
- Brookdale, NJ: equally priced homes
- West Orange, NJ: less expensive homes
Cities with Similar Populations
- Galena, OH: less expensive homes
- Fernway, PA: less expensive homes
- Flint, TX: less expensive homes
- Forest Park, IL: less expensive homes
- Forrest City, AR: less expensive homes
- Forsyth, GA: less expensive homes
- Fort Drum, NY: less expensive homes
- Fort Gratiot, MI: less expensive homes
- Fort Hunt, VA: higher priced homes
- Fort Mohave, AZ: less expensive homes
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