Quick facts: Avenel, NJ

Quick Facts

112.9
Cost of Living
above US average
17,211
Population
3.78
Crime Rate per 1000
below US average
$84,549
Median Income
above US average
$450,000
Median House Price
above US average
$2110.0
Average Rent
above US average
5%
Poverty Rate
below US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $84,549.

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Income Needed to Buy

βœ— Stretch
$141k/year
Based on $450,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $141k vs median $84,549
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Income Needed to Rent

⚠ Stretch
$90k/year
Based on $2110.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $90k vs median $84,549
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Avenel, NJ

Avenel is a charming community located in Woodbridge Township, Middlesex County, New Jersey. Known for its suburban feel, Avenel features a mix of residential homes, parks, and local businesses. The region is characterized by its convenient access to major highways, including the Garden State Parkway, making it an ideal location for commuters heading to nearby cities like Newark and New York City. The area is home to several parks and recreational facilities, providing residents with opportunities for outdoor activities. Avenel also has a rich history, reflected in its diverse architecture and cultural offerings. The community is served by the Woodbridge Township School District, which includes several educational institutions catering to local families. With a variety of dining options, shops, and proximity to larger urban centers, Avenel combines the tranquility of suburban life with easy access to the bustling metropolitan areas of New Jersey and New York. Its friendly atmosphere and strong community spirit make Avenel a desirable place to live and raise a family.

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