Much like its nearby areas, it is a lot more expensive compared to the nation as a whole. However it is substantially less expensive compared to the city of New York.
Home prices
The median home in Spotswood is valued at $305,100. Compared to nearby areas it is is very similar.It is roughly $87,600 (40%) higher compared to the US as a whole, and it is about $300,900 (49%) lower compared to the city of New York.
Rents
The median monthly rent in Spotswood is $938. Compared to its nearby areas this is approximately $452 (32%) lower.In comparison to the entire country it is approximately $124 (11%) lower, and in comparison to the city of New York is about $505 (34%) lower.
Nearby places
Helmetta
Helmetta is Spotswood's neighbor to the southwest. Its real estate prices are a bit less expensive. The median home in Helmetta costs $253,300, which works out to $51,800 (20%) lower than Spotswood. Rents there are significantly more expensive. In Helmetta the median rent is $1,770 a month, which comes out to $832 (47%) higher than Spotswood.
Old Bridge
Old Bridge is Spotswood's neighbor to the east. The real estate prices there are a little more expensive. The median home in Old Bridge is valued at $365,600, which comes out to $60,500 (16%) higher than Spotswood. The rent there is somewhat more expensive. The median rent in Old Bridge is $1,092 a month, which is $154 (14%) higher than Spotswood.
South River
South River is approximately 3 miles north of Spotswood. Housing prices there are pretty similar. South River's median home cost is $299,600, which works out to $5,500 (1%) lower than Spotswood. Its rents are a bit more expensive. The median rent in South River is $1,288 a month, which is $350 (27%) higher than Spotswood.
Jamesburg
Jamesburg is approximately 3 miles southwest from Spotswood. Housing prices there are somewhat less expensive. The median home cost in Jamesburg is $267,000, which is $38,100 (14%) lower than Spotswood. Rents there are somewhat more expensive. The median monthly rent in Jamesburg is $1,128, which comes out to $190 (16%) higher than Spotswood.
Milltown
Milltown is approximately 4 miles northwest from Spotswood. Its housing prices are a bit more expensive. The median home value in Milltown is $343,000, which works out to $37,900 (11%) higher than Spotswood. Rents there are a lot more expensive. The median rent in Milltown is $1,673 per month, which works out to $735 (43%) higher than Spotswood.
