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These days, finding an affordable place to live in the Wayne area can be challenging. Home prices in Wayne are now at a median cost of $473,274, higher than the New Jersey average of $388,929.
The average cost of rent is $2,113/mo in Wayne, primarily driven by the current value of real estate in the Wayne area. While nearly 34.19% of residents own their homes outright in Wayne, 23.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wayne is $11,440 per month. Households that rent pay about 18.47% of their income on rent here. Wayne's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Pequannock, NJ: equally priced homes
- Haledon, NJ: less expensive homes
- North Haledon, NJ: equally priced homes
- Pompton Plains, NJ: equally priced homes
- Totowa, NJ: less expensive homes
- Lincoln Park, NJ: less expensive homes
- Prospect Park, NJ: less expensive homes
- Pompton Lakes, NJ: less expensive homes
- Woodland Park, NJ: less expensive homes
- Riverdale, NJ: less expensive homes
Cities with Similar Populations
- Yorktown, VA: less expensive homes
- Rockwall, TX: less expensive homes
- Snohomish, WA: higher priced homes
- Southaven, MS: less expensive homes
- St. Louis Park, MN: less expensive homes
- Kendale Lakes, FL: less expensive homes
- Urbana, IL: less expensive homes
- Valley Stream, NY: equally priced homes
- Encinitas, CA: higher priced homes
- Edina, MN: higher priced homes
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