Quick facts: Manville, NJ

Quick Facts

112.9
Cost of Living
above US average
10,875
Population
12.6
Crime Rate per 1000
below US average
$85,925
Median Income
above US average
$450,000
Median House Price
above US average
$2299.67
Average Rent
above US average
4%
Poverty Rate
below US average
3.5%
Unemployment Rate
below 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 $85,925.

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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 $85,925
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Income Needed to Rent

⚠ Stretch
$99k/year
Based on $2299.67/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $99k vs median $85,925
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Manville, NJ

Manville is a charming borough located in Somerset County, New Jersey. Nestled along the Raritan River, it offers a blend of suburban living with scenic views and rich history. The town was incorporated in 1929 and is part of the larger Bridgewater Township area, making it conveniently close to urban amenities while preserving a small-town atmosphere. Manville is known for its close-knit community, diverse population, and family-friendly environment. The borough features several parks, recreational facilities, and community events throughout the year, fostering a sense of community spirit. Key attractions include the Manville Recreation Center and the nearby Green Brook, which offers outdoor activities like hiking and fishing. The town is conveniently located near major highways, making travel to nearby cities such as New Brunswick and Bridgewater easy. Education is also a priority here, with local schools providing quality education for residents. Overall, Manville combines a peaceful residential lifestyle with access to New Jersey’s metropolitan activities, making it an appealing place to live.

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