Summary:
PropertyShark identified 13 communities within 30 minutes of Manhattan offering more affordable housing than NYC.
Newark, New Jersey is the most affordable, with homes priced at just $228 per square foot.
Hudson County, New Jersey is a standout location, with six towns making the list of affordable communities.
The Bronx and Staten Island offer surprisingly affordable options within NYC limits.
Homes in these areas are not small, providing ample space for buyers seeking value for their money.
Affordable Homes Just Outside NYC: Where To Find Them
New York City is notorious for its high cost of living, but you might be surprised to learn that just a short train ride away, there are communities offering affordable homes with space to spare.
PropertyShark's latest report reveals 13 communities within a 30-minute commute from Manhattan where the median price per square foot is significantly lower than NYC's sky-high $441.
New Jersey Dominates
Ten of these bargain spots are across the Hudson River in New Jersey. Topping the list is Newark with a wallet-friendly price of just $228 per square foot. Bayonne comes in close second at $286 per square foot.
Both of these towns offer easy access to Lower Manhattan via various transportation options, making them a fantastic choice for those who want to enjoy the city's benefits without the astronomical price tag.
Hudson County Offers Variety
The study highlights Hudson County as a real estate hotspot, with six of its towns making the list. Beyond Newark and Bayonne, you'll find Guttenberg, Kearny, Secaucus, Union City, and North Bergen all offering competitive housing prices.
A Mix of NYC and NJ
While New Jersey boasts a majority of the affordable communities, The Bronx and Staten Island, both within NYC limits, offer homes priced at $299 and $440 per square foot, respectively.
Beyond the Price Tag: Space Matters
The good news doesn't stop there. Homes in these areas are not tiny. Newark and Bayonne homes, in particular, offer sizes close to the national median, giving buyers more value for their money.
This report highlights an intriguing opportunity for homebuyers who prioritize both affordability and proximity to New York City. With a range of options available across New Jersey and parts of NYC, you're sure to find the perfect place to call home without breaking the bank.
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