Similar to nearby areas, it is a lot more expensive compared to the nation as a whole. However compared to the city of New York, it is a lot less expensive.
Home prices
The median home in Lodi costs $373,000. It is is very similar compared to its surrounding areas.It is about $155,500 (71%) higher in comparison to the entire country, and compared to the city of New York is approximately $233,000 (38%) lower.
Rents
In Lodi the median monthly rent is $1,348. Compared to its surrounding areas it is approximately $170 (11%) lower.Compared to the rest of the nation it is approximately $286 (26%) higher, and is about $95 (6%) lower compared to the city of New York.
Nearby places
Hasbrouck Heights
Hasbrouck Heights is Lodi's neighbor to the south. Its real estate prices are a little more expensive. The median home cost in Hasbrouck Heights is $429,100, which comes out to $56,100 (13%) higher than Lodi. The rent there is somewhat more expensive. The median rent in Hasbrouck Heights is $1,445 a month, which works out to $97 (6%) higher than Lodi.
Garfield
Garfield is Lodi's neighbor to the west. The housing prices there are a little less expensive. The median home in Garfield is valued at $338,400, which comes out to $34,600 (10%) lower than Lodi. Rents there are fairly similar. In Garfield the median monthly rent is $1,326, which comes out to $22 (1%) lower than Lodi.
Hackensack
Hackensack is Lodi's neighbor to the northeast. Its housing prices are a bit less expensive. The median home in Hackensack is valued at $296,300, which works out to $76,700 (25%) lower than Lodi. The rent there is somewhat more expensive. The median rent in Hackensack is $1,440 a month, which is $92 (6%) higher than Lodi.
Maywood
Maywood is Lodi's neighbor to the northeast. Its real estate prices are pretty similar. The median home in Maywood costs $389,300, which works out to $16,300 (4%) higher than Lodi. Rent there is somewhat more expensive. The median rent in Maywood is $1,601 a month, which is $253 (15%) higher than Lodi.
Wood-Ridge
Wood-Ridge is Lodi's neighbor to the south. The real estate prices there are a bit more expensive. Wood-Ridge's median home price is $411,800, which works out to $38,800 (9%) higher than Lodi. Rents there are somewhat more expensive. In Wood-Ridge the median rent is $1,779 a month, which comes out to $431 (24%) higher than Lodi.
