Quick facts: Cranford, NJ

Quick Facts

112.9
Cost of Living
above US average
24,169
Population
6.21
Crime Rate per 1000
below US average
$100,000
Median Income
above US average
$699,000
Median House Price
above US average
$2953.46
Average Rent
above US average
Poverty rate Data is updating, will be available soon
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 $100,000.

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Income Needed to Buy

βœ— Stretch
$219k/year
Based on $699,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $219k vs median $100,000
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Income Needed to Rent

⚠ Stretch
$127k/year
Based on $2953.46/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $127k vs median $100,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cranford, NJ

Cranford is a charming township located in Union County, New Jersey, renowned for its picturesque landscapes and small-town atmosphere. Known for its vibrant community, Cranford boasts a mix of quaint residential neighborhoods, shopping districts, and recreational spaces. Its downtown area features a variety of local shops, restaurants, and cafes, offering residents and visitors a delightful shopping experience. Cranford is also home to numerous parks, including the expansive Nomahegan Park, providing ample opportunities for outdoor activities such as walking, jogging, and picnicking. The Rahway River runs through the township, adding to the natural beauty and offering scenic views. The township is conveniently situated with easy access to major highways and public transportation, making commuting to nearby metropolitan areas, including New York City, quite feasible. Cranford’s strong sense of community is reflected in its various local events and festivals throughout the year, fostering a warm and welcoming environment for families and individuals alike.

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