Home prices
The median home in Fanwood costs $467,800. Compared to its nearby areas this is approximately $47,020 (9%) lower.It is approximately $250,300 (115%) higher compared to the entire country, and compared to the city of New York is approximately $138,200 (22%) lower.
Rents
Fanwood's median monthly rent is $2,710. In comparison to the surrounding areas this is about $1,118 (70%) higher.It is about $1,648 (155%) higher compared to the United States as a whole, and it is approximately $1,267 (87%) higher in comparison to the city of New York.
Nearby places
Plainfield
Plainfield is Fanwood's neighbor to the southwest. The real estate prices there are substantially less expensive. Plainfield's median home cost is $257,200, which is $210,600 (81%) lower than Fanwood. Its rents are a lot less expensive. The median rent in Plainfield is $1,212 a month, which works out to $1,498 (123%) lower than Fanwood.
Westfield
Westfield is approximately 2 miles east of Fanwood. Its housing prices are a lot more expensive. The median home in Westfield costs $743,400, which comes out to $275,600 (37%) higher than Fanwood. Its rents are substantially less expensive. Westfield's median rent is $1,608 per month, which comes out to $1,102 (68%) lower than Fanwood.
Watchung
Watchung is about 2 miles west of Fanwood. Its real estate prices are somewhat more expensive. The cost of the median home in Watchung is $674,500, which comes out to $206,700 (30%) higher than Fanwood. Rents there are a lot less expensive. Watchung's median rent is $2,021 a month, which works out to $689 (34%) lower than Fanwood.
North Plainfield
North Plainfield is approximately 2 miles southwest from Fanwood. Its housing prices are a lot less expensive. North Plainfield's median home price is $272,900, which is $194,900 (71%) lower than Fanwood. Rents there are a lot less expensive. North Plainfield's median rent is $1,382 a month, which comes out to $1,328 (96%) lower than Fanwood.
Mountainside
Mountainside is about 2 miles northeast from Fanwood. Real estate prices there are a little more expensive. The median home cost in Mountainside is $626,100, which works out to $158,300 (25%) higher than Fanwood. Rent there is substantially less expensive. The median rent in Mountainside is $1,739 a month, which comes out to $971 (55%) lower than Fanwood.
