Home prices
The value of the median home in Chatham is $746,300. Compared to the surrounding areas this is roughly $104,560 (12%) lower.It is about $528,800 (243%) higher compared to the country as a whole, and is about $140,300 (23%) higher in comparison to the city of New York.
Rents
The median monthly rent in Chatham is $1,845. This is approximately $287 (13%) lower compared to its nearby areas.In comparison to the entire nation it is about $783 (73%) higher, and in comparison to the city of New York is about $402 (27%) higher.
Nearby places
Summit
Summit is Chatham's neighbor to the southeast. Real estate prices there are a bit more expensive. The median home value in Summit is $890,100, which works out to $143,800 (16%) higher than Chatham. Its rents are pretty similar. In Summit the median rent is $1,880 a month, which works out to $35 (1%) higher than Chatham.
Madison
Madison is Chatham's neighbor to the northwest. Housing prices there are similar. The median home price in Madison is $724,700, which works out to $21,600 (2%) lower than Chatham. Its rents are pretty similar. In Madison the median rent is $1,807 a month, which is $38 (2%) lower than Chatham.
Florham Park
Florham Park is Chatham's neighbor to the north. The housing prices there are a little less expensive. The median home price in Florham Park is $645,800, which comes out to $100,500 (15%) lower than Chatham. The rent there is a little more expensive. The median monthly rent in Florham Park is $2,441, which comes out to $596 (24%) higher than Chatham.
Short Hills
Short Hills is roughly 2 miles east of Chatham. The housing prices there are significantly more expensive. The median home in Short Hills costs $1,386,600, which works out to $640,300 (46%) higher than Chatham. Rent there is a lot more expensive. In Short Hills the median monthly rent is $2,798, which works out to $953 (34%) higher than Chatham.
New Providence
New Providence is roughly 2 miles south from Chatham. Real estate prices there are somewhat less expensive. The median home in New Providence costs $607,100, which works out to $139,200 (22%) lower than Chatham. The rent there is a little less expensive. New Providence's median rent is $1,733 a month, which comes out to $112 (6%) lower than Chatham.
