Summary:
Newark is the most affordable community with a median home price of $228 per square foot.
Bayonne follows closely with a median home price of $286 per square foot.
10 out of 13 of the most affordable communities are located in North Jersey.
Other affordable communities include Guttenberg, Kearny, Secaucus, Union City, North Bergen, West New York, Lyndhurst, Rutherford.
Communities beyond the 30-minute radius include Wantage, Hardyston, Vernon, Sparta, Wanaque, West Milford, Hopatcong, and Ringwood.
Finding Affordable Housing Near NYC: 13 Towns Under $300 per Square Foot
Living in the New York metropolitan area is known for its high cost of living, especially when it comes to housing. But for homebuyers seeking a balance between affordability and proximity to the city, there are some hidden gems.
PropertyShark, a real estate data provider, recently identified 13 communities with the lowest home prices within a 30-minute drive of lower Manhattan. These towns offer median home prices below the metro area's average of $441 per square foot, making them attractive options for budget-conscious homebuyers.
North Jersey Dominates the List
Out of the 13 communities, 10 are located in North Jersey, with Newark claiming the top spot for affordability. This Essex County city boasts a median home size of 2,010 square feet and a median price of only $228 per square foot.
Following closely behind is Bayonne, a Hudson County city with a median home size of 2,010 square feet and a median price of $286 per square foot.
Other Hudson County communities making the list include:
- Guttenberg
- Kearny
- Secaucus
- Union City
- North Bergen
- West New York
Bergen County also features on the list, with Lyndhurst and Rutherford offering more affordable options.
Beyond the 30-Minute Radius
For those willing to travel slightly further, other North Jersey communities with lower home prices include:
- Wantage
- Hardyston
- Vernon
- Sparta
- Wanaque
- West Milford
- Hopatcong
- Ringwood
Finding Your Perfect Fit
This list provides a valuable starting point for homebuyers seeking affordable options near New York City. Whether you prioritize proximity or a larger living space, these communities offer a range of choices for those looking to enter the New York real estate market without breaking the bank.
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