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These days, finding an affordable place to live in the Wharton area can be challenging. Home prices in Wharton are now at a median cost of $401,293, lower than the New Jersey average of $496,577.
The average cost of rent is $1,791/mo in Wharton, primarily driven by the current value of real estate in the Wharton area. In Wharton, 33.37% of households rent, and 31.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wharton is $8,358 per month. Households that rent pay about 21.43% of their income on rent here. Wharton’s most expensive areas are in the northern 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
- Hurdtown, NJ: equally priced homes
- Dover, NJ: equally priced homes
- Mount Hope, NJ: less expensive homes
- Mine Hill, NJ: higher priced homes
- Victory Gardens, NJ: less expensive homes
- Kenvil, NJ: equally priced homes
- Rockaway, NJ: higher priced homes
- Mount Arlington, NJ: higher priced homes
- Lake Hopatcong, NJ: equally priced homes
- Landing, NJ: higher priced homes
Cities with Similar Populations
- Ontario, NY: less expensive homes
- North Valley, NM: equally priced homes
- North Wantagh, NY: higher priced homes
- Norwell, MA: higher priced homes
- Nuevo, CA: higher priced homes
- Oak Ridge, NJ: equally priced homes
- Oakland, TN: less expensive homes
- Oaklyn, NJ: less expensive homes
- Oakvale, WV: less expensive homes
- Oberlin, OH: less expensive homes
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