New Jersey
Ranked #43 of 51 for housing affordability
30Crisis
Median Home Price
🏠$490K
5.7x income
Median Rent
🔑$2K
36.0% rent-burdened
Median Income
💰$85K
Population: 9,288,994
Homeownership
🏡63.8%
8,752 experiencing homelessness
Housing Shortage
📉150,000
units needed
Building Permits (2024)
🔨28,000
Price-to-Income
📊5.7x
Severe Rent Burden
⚠️18.5%
paying >50% of income
Rent Burden Breakdown
vs. National Average
Metros in New Jersey
| Metro | Score | Home Price | Rent | Income | Rent Burden |
|---|---|---|---|---|---|
| Newark | 28 | $510K | $2K | $82K | 37.0% |
Housing Policies
Mount Laurel affordable housing doctrinerent control (many municipalities)Fair Housing Actinclusionary zoning