Twin Rivers, New Jersey Real Estate & Housing Market

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Twin Rivers Housing Information

Index	Twin Rivers	New Jersey	National
Median home price	$208,400	$316,400	$184,700
Median rent asked	$1,372	$1,213	$949
Avg. people per household	3.0	2.7	2.6
Owner occupied households	81.0%	64.1%	63.6%
Renter occupied households	19.0%	35.9%	36.4%

A general summary of the real estate market in Twin Rivers, NJ is listed above. Properties in Twin Rivers, NJ average a cost of $208,400, which is 34% lower than the median home price for real estate located in New Jersey. This means that the region of Twin Rivers, NJ is, on average, more affordable when compared to the remainder of New Jersey. Since tenants living in Twin Rivers, NJ will pay an average of $1,372, the median rental cost is 13% higher than in New Jersey. 81.0% of people in Twin Rivers, NJ own their own homes, and an average of 3.0 people inhabit each property. Twin Rivers, NJ has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Twin Rivers Home Affordability

When starting your search for real estate in Twin Rivers, NJ, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Twin Rivers, NJ costs $208,400 while each household has an average income of $90,938. Consequently, the ratio of home price to household income is 2.3x; this ratio is 47% lower than the average in New Jersey. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Twin Rivers, NJ. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Twin Rivers, NJ.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Rossmoor, NJ	2,904	$90,600	51%
Trenton, NJ	84,559	$100,000	46%
Clearbrook Park, NJ	3,114	$155,000	16%
Concordia, NJ	3,156	$166,500	10%
Fieldsboro, NJ	629	$199,100	8%
Twin Rivers, NJ	7,034	$208,400	13%

Cities with similar population

City, State	Population	Home Price	National Avg.
New Paltz, NY	7,034	$290,500	57%
Fayetteville, TN	7,033	$96,900	48%
Ridley Park, PA	7,032	$212,600	15%
Archbald, PA	7,036	$139,800	24%
Lexington, VA	7,036	$230,500	25%
Twin Rivers, NJ	7,034	$208,400	13%

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