Home prices
The median home cost in Peapack and Gladstone is $680,900. It is about $80,640 (13%) higher compared to other places in this area.In comparison to the rest of the nation it is approximately $463,400 (213%) higher, and in comparison to the city of New York it is about $74,900 (12%) higher.
Rents
In Peapack and Gladstone the median rent is $1,526 a month. This is roughly $277 (15%) lower in comparison to its nearby areas.In comparison to the country as a whole it is about $464 (43%) higher, and is approximately $83 (5%) higher in comparison to the city of New York.
Nearby places
Far Hills
Far Hills is Peapack and Gladstone's neighbor to the southeast. Real estate prices there are somewhat more expensive. The price of the median home in Far Hills is $789,100, which works out to $108,200 (13%) higher than Peapack and Gladstone. The rent there is somewhat more expensive. In Far Hills the median monthly rent is $2,167, which works out to $641 (29%) higher than Peapack and Gladstone.
Bernardsville
Bernardsville is Peapack and Gladstone's neighbor to the east. Housing prices there are fairly similar. The median home cost in Bernardsville is $681,500, which is very similar to Peapack and Gladstone. The rent there is somewhat more expensive. Bernardsville's median monthly rent is $1,787, which is $261 (14%) higher than Peapack and Gladstone.
Mendham
Mendham is roughly 4 miles northeast from Peapack and Gladstone. Its real estate prices are similar. The median home in Mendham is valued at $662,300, which works out to $18,600 (2%) lower than Peapack and Gladstone. The rent there is similar. In Mendham the median rent is $1,581 per month, which is $55 (3%) higher than Peapack and Gladstone.
Chester
Chester is roughly 5 miles north from Peapack and Gladstone. Its real estate prices are substantially less expensive. The median home cost in Chester is $474,200, which works out to $206,700 (43%) lower than Peapack and Gladstone. Its rents are pretty similar. In Chester the median rent is $1,500 a month, which comes out to $26 (1%) lower than Peapack and Gladstone.
Long Valley
Long Valley is about 7 miles northwest of Peapack and Gladstone. Its housing prices are a lot less expensive. The median home value in Long Valley is $394,200, which works out to $286,700 (72%) lower than Peapack and Gladstone. Rent there is a little more expensive. The median monthly rent in Long Valley is $1,979, which is $453 (22%) higher than Peapack and Gladstone.
