Similar to its surrounding areas, it's substantially more expensive compared to the rest of the country. Compared to even the city of New York, it is somewhat more expensive.
Home prices
The cost of the median home in Demarest is $681,500. It is about $31,760 (4%) higher compared to its nearby areas.Compared to the entire nation it is approximately $464,000 (213%) higher, and compared to the city of New York it is roughly $75,500 (12%) higher.
Rents
The median monthly rent in Demarest is $2,773. In comparison to nearby areas it is approximately $383 (16%) higher.It is roughly $1,711 (161%) higher in comparison to the United States as a whole, and is roughly $1,330 (92%) higher in comparison to the city of New York.
Nearby places
Cresskill
Cresskill is Demarest's neighbor to the south. Real estate prices there are similar. The median home price in Cresskill is $677,500, which is very similar to Demarest. Its rents are similar. In Cresskill the median monthly rent is $2,686, which works out to $87 (3%) lower than Demarest.
Closter
Closter is Demarest's neighbor to the north. Housing prices there are pretty similar. The median home in Closter costs $674,000, which is $7,500 (1%) lower than Demarest. The rent there is a little less expensive. Closter's median monthly rent is $2,188, which comes out to $585 (26%) lower than Demarest.
Dumont
Dumont is Demarest's neighbor to the west. Housing prices there are substantially less expensive. The median home in Dumont is valued at $376,100, which works out to $305,400 (81%) lower than Demarest. The rent there is substantially less expensive. Dumont's median monthly rent is $1,306, which is $1,467 (112%) lower than Demarest.
Haworth
Haworth is Demarest's neighbor to the west. The real estate prices there are fairly similar. Haworth's median home value is $691,500, which works out to $10,000 (1%) higher than Demarest. Its rents are somewhat more expensive. The median rent in Haworth is $3,501 a month, which works out to $728 (20%) higher than Demarest.
Tenafly
Tenafly is about 2 miles south from Demarest. The real estate prices there are a little more expensive. The median home in Tenafly is valued at $829,600, which comes out to $148,100 (17%) higher than Demarest. The rent there is a little less expensive. The median rent in Tenafly is $2,271 a month, which works out to $502 (22%) lower than Demarest.
