Similar to nearby areas, it's significantly more expensive compared to the entire country. However compared to the city of New York, it is substantially less expensive.
Home prices
The value of the median home in Madison Park is $289,100. Compared to the surrounding areas it is approximately $7,660 (2%) lower.It is about $71,600 (32%) higher in comparison to the country as a whole, and it is approximately $316,900 (52%) lower in comparison to the city of New York.
Rents
The median monthly rent in Madison Park is $1,285. This is about $229 (15%) lower compared to other places in this area.It is roughly $223 (20%) higher compared to the US as a whole, and is approximately $158 (10%) lower in comparison to the city of New York.
Nearby places
Sayreville
Sayreville is Madison Park's neighbor to the northwest. Housing prices there are fairly similar. The value of the median home in Sayreville is $302,800, which is $13,700 (4%) higher than Madison Park. Rents there are similar. The median rent in Sayreville is $1,332 a month, which comes out to $47 (3%) higher than Madison Park.
Laurence Harbor
Laurence Harbor is about 2 miles east from Madison Park. Housing prices there are somewhat less expensive. The median home in Laurence Harbor is valued at $267,900, which comes out to $21,200 (7%) lower than Madison Park. The rent there is a bit more expensive. The median rent in Laurence Harbor is $1,386 per month, which is $101 (7%) higher than Madison Park.
South Amboy
South Amboy is roughly 2 miles north of Madison Park. Its real estate prices are similar. The median home in South Amboy costs $294,500, which comes out to $5,400 (1%) higher than Madison Park. Its rents are pretty similar. In South Amboy the median monthly rent is $1,332, which comes out to $47 (3%) higher than Madison Park.
Brownville
Brownville is about 3 miles south from Madison Park. Real estate prices there are a bit less expensive. Brownville's median home value is $268,200, which is $20,900 (7%) lower than Madison Park. Rent there is substantially more expensive. Brownville's median monthly rent is $2,016, which works out to $731 (36%) higher than Madison Park.
Matawan
Matawan is about 3 miles southeast from Madison Park. Its housing prices are somewhat more expensive. The cost of the median home in Matawan is $350,400, which comes out to $61,300 (17%) higher than Madison Park. Rents there are a little more expensive. The median rent in Matawan is $1,506 a month, which comes out to $221 (14%) higher than Madison Park.
