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These days, finding an affordable place to live in the Wanaque area can be challenging. Home prices in Wanaque are now at a median cost of $407,602, lower than the New Jersey average of $496,577.
The average cost of rent is $1,781/mo in Wanaque, primarily driven by the current value of real estate in the Wanaque area. In Wanaque, 21.20% of households rent, and 32.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wanaque is $9,860 per month. Households that rent pay about 18.06% of their income on rent here. Wanaque’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oakland, NJ: higher priced homes
- Pompton Lakes, NJ: higher priced homes
- Bloomingdale, NJ: equally priced homes
- Ringwood, NJ: higher priced homes
- Riverdale, NJ: equally priced homes
- Butler, NJ: equally priced homes
- Franklin Lakes, NJ: higher priced homes
- Echo Lake, NJ: less expensive homes
- Pompton Plains, NJ: higher priced homes
- West Milford, NJ: equally priced homes
Cities with Similar Populations
- Summit, IL: less expensive homes
- Clawson, MI: less expensive homes
- Clay, AL: less expensive homes
- Clay, NY: less expensive homes
- Clearfield, PA: less expensive homes
- Clinton, SC: less expensive homes
- Sierra Madre, CA: higher priced homes
- Spring Hill, KS: equally priced homes
- Steger, IL: less expensive homes
- Stilwell, KS: higher priced homes
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