Discover affordable homes near NYC: Top communities revealed

New York City is known for its high living costs, but a recent PropertyShark report reveals that affordable housing options exist within a 30-minute commute to Manhattan. The study identifies 13 communities where home prices are significantly lower than the city’s median of $441 per square foot. Newark tops the list with homes priced at $228 per square foot, followed by Bayonne at $286 per square foot. These areas provide a viable alternative for those seeking proximity to the city without the exorbitant costs. The report highlights that six towns in Hudson County, New Jersey, are particularly noteworthy for their competitive pricing. In addition to Newark and Bayonne, towns like Guttenberg, Kearny, Secaucus, Union City, and North Bergen also offer affordable housing options. Bergen County’s Rutherford and Lyndhurst are included as well, showcasing New Jersey's dominance in affordable housing near NYC. Interestingly, The Bronx and Staten Island, both within New York City limits, also feature in the report with homes priced at $299 and $440 per square foot, respectively. This indicates that while New Jersey offers more options, there are still affordable choices within the city itself. The analysis, based on sales data from August 2023 to August 2024, emphasizes that homes in these areas are not only affordable but also spacious, often close to the national median size of 2,140 square feet. This makes communities like Newark and Bayonne attractive for homebuyers looking for value and convenience.