Quick facts: Blackwood, NJ

Quick Facts

112.9
Cost of Living
above US average
4,588
Population
32.69
Crime Rate per 1000
above US average
$82,741
Median Income
above US average
$389,900
Median House Price
above US average
$1906.1
Average Rent
above US average
5%
Poverty Rate
below US average
4.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $82,741.

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Income Needed to Buy

βœ— Stretch
$122k/year
Based on $389,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $122k vs median $82,741
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Income Needed to Rent

βœ“ Affordable
$82k/year
Based on $1906.1/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($82,741) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Blackwood, NJ

Blackwood is an unincorporated community within Gloucester Township in Camden County, New Jersey. Located approximately 15 miles southeast of Philadelphia, it offers a suburban experience with easy access to urban amenities. The community is characterized by its residential neighborhoods, local parks, and shopping centers, catering to families and individuals alike. One notable feature in Blackwood is the historic Blackwood Railway Station, which adds charm and a sense of history to the area. Accessibility is enhanced by major highways like the Black Horse Pike (Route 42) and the Atlantic City Expressway, making it convenient for commuters heading to nearby cities. In terms of education, Blackwood falls within the Black Horse Pike Regional School District, which serves local high school students, along with elementary and middle schools in the surrounding area. Community engagement is facilitated through various recreational programs and local events, fostering a close-knit atmosphere. Overall, Blackwood is a peaceful community, ideal for those seeking a suburban lifestyle while still being within reach of the vibrant cultural and economic opportunities found in nearby Philadelphia.

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