Located close to major cities like New York City and Philadelphia, coastal spots like the Jersey Shore, to landscapes like the Pine Barrens and the Delaware Water Gap, there are plenty of reasons to consider making the move to New Jersey. If New Jersey sounds right for you, then chances are you have a budget you’d like to stay under when it comes to renting or buying a home. For example, the median home sale price in New Jersey is $533,700 as of July.
If that price doesn’t fit into your budget, don’t worry. Redfin has collected a list of the 8 most affordable places to live in New Jersey. And they all have a median home sale price under the state’s average. Read on to see what cities you may want to consider moving to in New Jersey.
#1: Camden
Median home price: $135,000
Average sale price per square foot: $139
Average rent for a 1-bedroom apartment: $925
Median household income: $28,623
Nearest major metro: Philadelphia, PA (5 miles)
Camden, NJ homes for sale
Camden, NJ apartments for rent
With a median home sale price of $135,000, Camden is the most affordable place to live in New Jersey. About 5 miles away from Philadelphia, PA, the nearest major metro, Camden is home to roughly 71,800 people. Living in Camden, you can visit Wiggins Waterfront Park where you’ll find a riverfront promenade, amphitheater, and nearby Adventure Aquarium, discover the Battleship New Jersey museum, and explore the downtown area home to museums, shops, and restaurants.
#2: Trenton
Median home price: $225,000
Average sale price per square foot: $153
Median household income: $37,002
Nearest major metro: Philadelphia, PA (30 miles)
Trenton, NJ homes for sale
Trenton, NJ apartments for rent
Taking second place on our list of affordable cities to live in New Jersey is Trenton. When living in this city of 90,900 people, you can stop by the New Jersey State Senate where you’ll also find the New Jersey State Museum and Old Barracks Museum. Make sure to explore the paths at Cadwalader Park and watch a show at one of the concert halls or venues.
#3: Vineland
Median home price: $297,500
Average sale price per square foot: $183
Average rent for a 1-bedroom apartment: $1,075
Median household income: $55,740
Nearest major metro: Philadelphia, PA (40 miles)
Vineland, NJ homes for sale
Vineland, NJ apartments for rent
About 60,800 people reside in Vineland, located about 40 miles south of Philadelphia. The median home sale price is $297,500 which is about $235K less than the median home sale price in New Jersey. If you find yourself moving here, explore the downtown area or check out one of the parks in town.
#4: Toms River
Median home price: $475,000
Average sale price per square foot: $272
Average rent for a 1-bedroom apartment: $1,899
Median household income: $80,145
Nearest major metro: New York, NY (30 miles)
Toms River, NJ homes for sale
Toms River, NJ apartments for rent
A recognizable city is Toms River, where you’ll find the home prices are about $60K less than the state’s average. With roughly 95,400 people calling Toms River home, it’s a great area to consider buying a house this year. Make sure to take a boat cruise along Toms River, explore the expansive trails leading out to the water at Cattus Island County Park, or have a beach day along the coast. No matter what neighborhood you move to in Toms River, you’ll never tire of exploring this city.
#5: East Orange
Median home price: $480,000
Average sale price per square foot: $253
Average rent for a 1-bedroom apartment: $1,709
Median household income: $50,990
Nearest major metro: Newark (3 miles)
East Orange, NJ homes for sale
East Orange, NJ apartments for rent
Coming in fifth place on our list of affordable places to live in New Jersey is East Orange. With a population of about 69,600, East Orange is a great area to live in that’s not nearly as big as the major metropolitan cities in New Jersey. If you find yourself moving to this city make sure to explore Monte Irvin Orange Park or one of the other parks in town.
#6: Plainfield
Median home price: $487,500
Average sale price per square foot: $188
Average rent for a 1-bedroom apartment: $1,900
Median household income: $58,400
Nearest major metro: Newark (18 miles)
Plainfield, NJ homes for sale
Plainfield, NJ apartments for rent
Another great place to consider moving to in New Jersey is Plainfield where the population is about 54,600. Fun activities to do in Plainfield include exploring parks like Cedar Brook Park and Green Brook Park, seeing some of the historic homes throughout Plainfield, and checking out the charming downtown area.
#7: Perth Amboy
Median home price: $491,000
Average sale price per square foot: $316
Average rent for a 1-bedroom apartment: $1,700
Median household income: $54,188
Nearest major metro: Newark (22 miles)
Perth Amboy, NJ homes for sale
Perth Amboy, NJ apartments for rent
If you’ve lived in New Jersey for a while, chances are you know of our seventh city – Perth Amboy. This affordable area is home to roughly 55,400 residents. Be sure to visit the High Street Municipal Fishing Pier, stop by the historic Proprietary House dating back to 1764, and check out the shops and restaurants on and around Smith Street once you move to Perth Amboy.
#8: New Brunswick
Median home price: $527,000
Average sale price per square foot: $365
Average rent for a 1-bedroom apartment: $2,360
Median household income: $37,002
Nearest major metro: Newark (28 miles)
New Brunswick, NJ homes for sale
New Brunswick, NJ apartments for rent
Taking the final spot on our list of affordable places to live in New Jersey is New Brunswick. With 55,300 residents, moving to this affordable city gives you the perks of city-life without living in a major metropolitan area. Living in New Brunswick, you can check out Boyd Park along the Raritan River, visit one of the theaters or comedy clubs for a show, or explore the downtown shops and restaurants.
Methodology: All cities must have over 50,000 residents per the US Census and have a median home sale price under the average median home sale price in New Jersey. Median home sale price and median sale price per square foot from the Redfin Data Center during July 2024. Average rental data from Rent.com August 2023. Population and median household income data sourced from the United States Census Bureau.
The post 8 Most Affordable Places to Live in New Jersey in 2024 appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.
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