Most affordable cities for home buyers in New Jersey.
Affordability = how many years of household income buys the median home. This ranks New Jersey cities by price-to-income ratio (lower = more affordable).
Last updated
New Jersey ranking
50 cities ranked. Click any row for the matching local page.
| # | City | Price-to-income ratio | Score | |
|---|---|---|---|---|
| 1 | Short Hills | 3.5x income | 75 | View → |
| 2 | Saddle River | 4.1x income | 65 | View → |
| 3 | Franklin Lakes | 4.1x income | 65 | View → |
| 4 | Chatham | 4.3x income | 62 | View → |
| 5 | Tenafly | 4.3x income | 62 | View → |
| 6 | Glen Ridge | 4.3x income | 62 | View → |
| 7 | Summit | 4.3x income | 61 | View → |
| 8 | Mendham | 4.4x income | 61 | View → |
| 9 | Chester | 4.4x income | 61 | View → |
| 10 | Princeton Junction | 4.4x income | 60 | View → |
| 11 | Warren | 4.4x income | 60 | View → |
| 12 | Glen Rock | 4.4x income | 60 | View → |
| 13 | Colts Neck | 4.4x income | 60 | View → |
| 14 | Rumson | 4.4x income | 60 | View → |
| 15 | Lebanon | 4.4x income | 59 | View → |
| 16 | Wyckoff | 4.5x income | 58 | View → |
| 17 | Holmdel | 4.5x income | 58 | View → |
| 18 | Belle Mead | 4.5x income | 58 | View → |
| 19 | Bernardsville | 4.5x income | 58 | View → |
| 20 | Ridgewood | 4.6x income | 56 | View → |
| 21 | Pennington | 4.7x income | 56 | View → |
| 22 | Oradell | 4.6x income | 56 | View → |
| 23 | Moorestown | 4.7x income | 55 | View → |
| 24 | Morganville | 4.7x income | 55 | View → |
| 25 | Marlboro | 4.8x income | 54 | View → |
| 26 | Long Valley | 4.7x income | 54 | View → |
| 27 | Berkeley Heights | 4.8x income | 54 | View → |
| 28 | Westfield | 4.8x income | 53 | View → |
| 29 | Millstone Township | 4.8x income | 53 | View → |
| 30 | Whitehouse Station | 4.8x income | 53 | View → |
| 31 | Madison | 4.9x income | 52 | View → |
| 32 | Ramsey | 4.9x income | 52 | View → |
| 33 | Montville | 4.9x income | 52 | View → |
| 34 | Basking Ridge | 5.0x income | 51 | View → |
| 35 | South Orange | 5.0x income | 51 | View → |
| 36 | New Providence | 4.9x income | 51 | View → |
| 37 | Livingston | 5.0x income | 50 | View → |
| 38 | Montclair | 5.1x income | 49 | View → |
| 39 | Maplewood | 5.1x income | 49 | View → |
| 40 | Sparta | 5.1x income | 49 | View → |
| 41 | Florham Park | 5.1x income | 49 | View → |
| 42 | Township Of Washington | 5.1x income | 49 | View → |
| 43 | Cresskill | 5.1x income | 49 | View → |
| 44 | Closter | 5.0x income | 49 | View → |
| 45 | Scotch Plains | 5.2x income | 47 | View → |
| 46 | Annandale | 5.2x income | 47 | View → |
| 47 | Butler | 5.3x income | 46 | View → |
| 48 | Montvale | 5.3x income | 46 | View → |
| 49 | Randolph | 5.3x income | 45 | View → |
| 50 | Mullica Hill | 5.3x income | 45 | View → |
Methodology
Ratio = estimated home value ÷ average household income (Census ACS). Demographia bands (under 3.0 affordable, over 5.0 severely unaffordable) are designed around medians, so treat these as directional. Cities whose true median home value likely exceeds the dataset's modeled value (e.g. SF Bay, Manhattan) are flagged in their state pages.
FAQ
- What's a healthy ratio in New Jersey?
- Under 3.0 is considered affordable; 3.0-4.0 moderate; 4.0-5.0 seriously unaffordable; over 5.0 severely unaffordable.
- Does this account for interest rates?
- No, price-to-income is rate-agnostic so it stays comparable across cycles.
- What if my income is higher?
- Your personal ratio matters more than the market median. Use it as a relative comparison.
Other reports for New Jersey
Best Cities for Owner Financing
Cheapest Rent-to-Own Markets
Cities With Most FSBO Activity
Investor Competition by Market
Estimated Owner-Finance Down Payment by City
Cities With Most Cash Buyers
Foreclosure Risk by City
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