Home prices
The median home in New Providence costs $607,100. This is about $83,900 (12%) lower compared to its nearby areas.It is about $389,600 (179%) higher in comparison to the entire country, and compared to the city of New York is is very similar.
Rents
The median monthly rent in New Providence is $1,733. It is approximately $263 (13%) lower compared to its nearby areas.Compared to the country as a whole it is roughly $671 (63%) higher, and in comparison to the city of New York is approximately $290 (20%) higher.
Nearby places
Summit
Summit is New Providence's neighbor to the northeast. The housing prices there are a bit more expensive. Summit's median home cost is $890,100, which comes out to $283,000 (31%) higher than New Providence. Rent there is a little more expensive. The median monthly rent in Summit is $1,880, which comes out to $147 (7%) higher than New Providence.
Mountainside
Mountainside is approximately 2 miles southeast of New Providence. The real estate prices there are fairly similar. The median home cost in Mountainside is $626,100, which works out to $19,000 (3%) higher than New Providence. Its rents are pretty similar. The median rent in Mountainside is $1,739 a month, which is very similar to New Providence.
Chatham
Chatham is approximately 2 miles north from New Providence. The housing prices there are a little more expensive. The median home in Chatham is valued at $746,300, which comes out to $139,200 (18%) higher than New Providence. Rent there is somewhat more expensive. The median monthly rent in Chatham is $1,845, which works out to $112 (6%) higher than New Providence.
Fanwood
Fanwood is approximately 3 miles south from New Providence. Housing prices there are somewhat less expensive. The median home value in Fanwood is $467,800, which works out to $139,300 (29%) lower than New Providence. Rents there are significantly more expensive. The median monthly rent in Fanwood is $2,710, which comes out to $977 (36%) higher than New Providence.
Madison
Madison is roughly 4 miles north from New Providence. Its housing prices are somewhat more expensive. The median home value in Madison is $724,700, which is $117,600 (16%) higher than New Providence. Rent there is similar. The median rent in Madison is $1,807 a month, which is $74 (4%) higher than New Providence.
