Much like its nearby areas, it's a lot more expensive compared to the US as a whole. However compared to the city of New York, it is substantially less expensive.
Home prices
The value of the median home in Ringwood is $366,400. This is about $16,820 (4%) higher compared to nearby areas.In comparison to the country as a whole it is about $148,900 (68%) higher, and is approximately $239,600 (39%) lower compared to the city of New York.
Rents
In Ringwood the median rent is $1,776 a month. In comparison to its surrounding areas this is about $97 (5%) higher.It is about $714 (67%) higher in comparison to the rest of the nation, and it is approximately $333 (23%) higher in comparison to the city of New York.
Nearby places
Wanaque
Wanaque is Ringwood's neighbor to the south. The real estate prices there are somewhat less expensive. Wanaque's median home value is $318,000, which works out to $48,400 (15%) lower than Ringwood. The rent there is a little less expensive. Wanaque's median rent is $1,595 per month, which is $181 (11%) lower than Ringwood.
Oakland
Oakland is Ringwood's neighbor to the south. The real estate prices there are a bit more expensive. The median home in Oakland is valued at $468,700, which works out to $102,300 (21%) higher than Ringwood. Its rents are a bit less expensive. The median monthly rent in Oakland is $1,642, which comes out to $134 (8%) lower than Ringwood.
Bloomingdale
Bloomingdale is Ringwood's neighbor to the southwest. The housing prices there are a bit less expensive. The median home in Bloomingdale is valued at $303,300, which works out to $63,100 (20%) lower than Ringwood. The rent there is a little less expensive. The median monthly rent in Bloomingdale is $1,645, which comes out to $131 (7%) lower than Ringwood.
Hillburn
Hillburn is approximately 4 miles east from Ringwood. Real estate prices there are somewhat less expensive. The median home in Hillburn costs $315,600, which works out to $50,800 (16%) lower than Ringwood. Rents there are pretty similar. Hillburn's median monthly rent is $1,806, which comes out to $30 (1%) higher than Ringwood.
Sloatsburg
Sloatsburg is roughly 5 miles northeast of Ringwood. Housing prices there are a bit less expensive. The median home in Sloatsburg is valued at $342,300, which works out to $24,100 (7%) lower than Ringwood. Rents there are fairly similar. Sloatsburg's median rent is $1,709 a month, which works out to $67 (3%) lower than Ringwood.
