Guttenberg, New Jersey Real Estate & Housing Market

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Guttenberg Housing Information

Index	Guttenberg	New Jersey	National
Median home price	$279,600	$316,400	$184,700
Median rent asked	$1,309	$1,213	$949
Avg. people per household	2.4	2.7	2.6
Owner occupied households	30.2%	64.1%	63.6%
Renter occupied households	69.8%	35.9%	36.4%

Above, you will see a summary of real estate in Guttenberg, NJ. On average, homes in Guttenberg, NJ cost $279,600, a value that is 12% lower than the average in New Jersey. In general terms, this results in Guttenberg, NJ real estate being more affordable than New Jersey real estate. On average, people who rent houses in Guttenberg, NJ pay $1,309; this value is 8% higher than the average amount renters pay in New Jersey. 30.2% of Guttenberg, NJ residents own their own homes and, on average, each of the homes has 2.4 occupants. Guttenberg, NJ real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Guttenberg, NJ is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Guttenberg Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Guttenberg, NJ. To estimate home affordability, one method is to use the ratio of home price to median household income. The Guttenberg, NJ’s median home price stands at $279,600 while $54,368 is the value of the average household income. The resulting home price to income ratio, which is 5.1x, differs from the New Jersey average as the ratio is 20% higher than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Guttenberg, NJ are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Guttenberg, NJ.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Teterboro, NJ	86	$0	100%
Greenville CDP (Greene County), NY	604	$164,600	11%
Roselle, NJ	21,507	$204,800	11%
East Orange, NJ	64,621	$209,500	13%
Newark, NJ	280,139	$222,100	20%
Guttenberg, NJ	11,628	$279,600	51%

Cities with similar population

City, State	Population	Home Price	National Avg.
Robstown, TX	11,622	$55,000	70%
Mexico, MO	11,622	$87,200	53%
Fulton, NY	11,622	$77,000	58%
Wanaque, NJ	11,636	$295,900	60%
Vail, AZ	11,637	$215,800	17%
Guttenberg, NJ	11,628	$279,600	51%

Source: The Guttenberg, NJ housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).