Find Real Estate Listings In Neptune City

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Neptune City Real Estate Market Facts

  • $264,400Median home price
    16% lower than New Jersey
  • $1,108Median rent asked
    9% lower than New Jersey
  • 56.4%Home owners
    12% lower than New Jersey
  • 2.3People per home
    16% lower than New Jersey
Above, you will see a summary of real estate in Neptune City, NJ. On average, homes in Neptune City, NJ cost $264,400, a value that is 16% lower than the average in New Jersey. In general terms, this results in Neptune City, NJ real estate being more affordable than New Jersey real estate. On average, people who rent houses in Neptune City, NJ pay $1,108; this value is 9% lower than the average amount renters pay in New Jersey. 56.4% of Neptune City, NJ residents own their own homes and, on average, each of the homes has 2.3 occupants. Neptune City, 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 Neptune City, 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.

Neptune City Home Affordability

  • $264,400Median home price
    16% lower than New Jersey
  • $54,657Median home income
    26% lower than New Jersey
  • 4.8xHome price to income ratio
    13% higher than New Jersey
It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Neptune City, NJ. To estimate home affordability, one method is to use the ratio of home price to median household income. The Neptune City, NJ’s median home price stands at $264,400 while $54,657 is the value of the average household income. The resulting home price to income ratio, which is 4.8x, differs from the New Jersey average as the ratio is 13% 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 Neptune City, 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 Neptune City, NJ.

Neptune City Affordability Calculator

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Are you looking for real estate in Neptune City, NJ? Be careful not to purchase a home outside of your budget. A home affordability calculator lets you input your income, down payment, and debts to figure out how much you can afford to spend on your new home. If you know further information, such as mortgage term and rate or insurance, taxes, and HOA dues, you can input that as well to get a better estimate of the total cost. The calculator will show you the maximum amount you can afford to spend on a home. With that number in mind, you can start looking for a home in Neptune City, NJ and avoid homes that don’t fit in your budget to guard yourself from an emotional, yet costly, decision. Thanks to the home affordability calculator, you can also create a stronger budget plan. Once you know your housing costs, you can figure out how much money you should spend and how much money you can save.

Neptune City Mortgage Calculator

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What will I pay monthly if I buy real estate in Neptune City, NJ? Determining the monthly payment amount of a home is based on a number of different factors. Obviously, the most significant variable is the overall price of the house, but there are also other considerations to make such as homeowners insurance, the interest rate, amount of the down payment, property taxes, private mortgage insurance (PMI), and even home owner's association dues. A great way to eliminate the PMI is by paying 20% of the cost of the house as a down payment. The mortgage calculator is filled out with default values for these variables, but they can be reset to give you a more accurate payment amount. The best rule when it comes to house payments is that you want to keep your debt to income ratio at no more than 36%. This means paying no more than 36% of your monthly income on your housse and all other debt payments.

Neptune City Demographics

  • 4,758Population
  • 5,309People / sq mile
  • 42.6Median age
  • 0.8:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Cedar Glen West, NJ1,040$37,00080%
Leisure Village, NJ4,161$80,70056%
Leisure Village West, NJ3,201$107,40042%
Leisure Knoll, NJ2,341$156,70015%
Leisure Village East, NJ3,613$169,5008%
Neptune City, NJ4,758$264,40043%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Lake Worth, TX4,757$90,10051%
Cheboygan, MI4,761$73,10060%
Lakeport, CA4,754$194,2005%
Edwardsville, PA4,753$77,80058%
Flower Hill, NY4,764$1,077,500483%
Neptune City, NJ4,758$264,40043%
Source: The Neptune City, NJ housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).