New Jersey Affordability
How affordable is New Jersey real estate?
Public Record + Census ACS
Median Home Price
$723.3K
Median Household Income
$97,126
Affordability Index
7.45
vs National Avg
+9.2%
Cities in New Jersey by Affordability
| # | City | Median Price | Index |
|---|---|---|---|
| 1 | Atlantic City | $258.2K | 2.66 |
| 2 | Phillipsburg | $273.3K | 2.81 |
| 3 | Trenton | $297.5K | 3.06 |
| 4 | Vernon | $337.7K | 3.48 |
| 5 | Burlington | $357.4K | 3.68 |
| 6 | Vineland | $360.1K | 3.71 |
| 7 | Williamstown | $378.7K | 3.90 |
| 8 | Marlton | $380.5K | 3.92 |
| 9 | Monroe | $402K | 4.14 |
| 10 | Cape May Court House | $406.5K | 4.18 |
| 11 | Barnegat | $466.6K | 4.80 |
| 12 | Sicklerville | $471.8K | 4.86 |
| 13 | Cherry Hill | $501.7K | 5.17 |
| 14 | Newark | $509.9K | 5.25 |
| 15 | South Amboy | $517.6K | 5.33 |
| 16 | Parsippany Troy Hills Township | $519K | 5.34 |
| 17 | Bloomfield | $532.5K | 5.48 |
| 18 | Wildwood | $538.2K | 5.54 |
| 19 | Toms River | $544K | 5.60 |
| 20 | Brick | $547.9K | 5.64 |
| 21 | Jackson | $551.8K | 5.68 |
| 22 | Hopatcong | $715.6K | 7.37 |
| 23 | Howell | $727.4K | 7.49 |
| 24 | Jersey City | $746K | 7.68 |
| 25 | Manalapan | $795.4K | 8.19 |
| 26 | Wayne | $903.5K | 9.30 |
| 27 | North Wildwood | $1.05M | 10.81 |
| 28 | Brigantine | $1.09M | 11.19 |
| 29 | Hoboken | $1.11M | 11.47 |
| 30 | Ocean City | $1.58M | 16.25 |
Methodology
Affordability index = local median home price ÷ state median household income. A value of 4.0 means homes cost 4x annual income (roughly the historical "rule of thumb" ceiling). Higher values = less affordable.
Income figures: US Census Bureau, ACS 5-year estimates (state level). Sale prices: MarketTimeline public-record SOLD events, last 12 months.