Much like the surrounding areas, it is a little more expensive compared to the entire country. However compared to the city of New York, it is significantly less expensive.
Home prices
The median home in Carteret costs $272,200. Compared to its surrounding areas it is about $7,080 (2%) lower.It is about $54,700 (25%) higher compared to the entire country, and compared to the city of New York is roughly $333,800 (55%) lower.
Rents
The median rent in Carteret is $1,492 a month. Compared to its surrounding areas it is roughly $127 (9%) higher.In comparison to the rest of the nation it is roughly $430 (40%) higher, and in comparison to the city of New York is approximately $49 (3%) higher.
Nearby places
Port Reading
Port Reading is Carteret's neighbor to the southwest. Its housing prices are a bit more expensive. Port Reading's median home value is $293,200, which comes out to $21,000 (7%) higher than Carteret. Rents there are a little less expensive. The median monthly rent in Port Reading is $1,365, which is $127 (9%) lower than Carteret.
Avenel
Avenel is Carteret's neighbor to the west. Real estate prices there are fairly similar. The median home price in Avenel is $262,800, which works out to $9,400 (3%) lower than Carteret. Rents there are fairly similar. In Avenel the median monthly rent is $1,483, which is very similar to Carteret.
Linden
Linden is Carteret's neighbor to the north. Its real estate prices are similar. The median home in Linden costs $281,800, which is $9,600 (3%) higher than Carteret. Its rents are somewhat less expensive. In Linden the median rent is $1,313 a month, which is $179 (13%) lower than Carteret.
Sewaren
Sewaren is about 2 miles southwest of Carteret. Its real estate prices are similar. The median home in Sewaren costs $285,900, which comes out to $13,700 (4%) higher than Carteret. Rents there are a little less expensive. In Sewaren the median rent is $1,353 per month, which works out to $139 (10%) lower than Carteret.
Rahway
Rahway is approximately 2 miles northwest of Carteret. Housing prices there are similar. The median home in Rahway costs $272,700, which is very similar to Carteret. Its rents are somewhat less expensive. The median monthly rent in Rahway is $1,310, which works out to $182 (13%) lower than Carteret.
