Quick facts: Maywood, NJ

Quick Facts

112.9
Cost of Living
above US average
10,000
Population
11.5
Crime Rate per 1000
below US average
$119,057
Median Income
above US average
$884,999
Median House Price
above US average
$2816.67
Average Rent
above US average
5%
Poverty Rate
below US average
3.2%
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 $119,057.

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Income Needed to Buy

βœ— Stretch
$278k/year
Based on $884,999 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $278k vs median $119,057
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Income Needed to Rent

⚠ Stretch
$121k/year
Based on $2816.67/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $121k vs median $119,057
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Maywood, NJ

Maywood is a small borough located in Bergen County, New Jersey. With a population of around 8,600 residents, it offers a close-knit community atmosphere while still being conveniently accessible to larger urban areas. The borough covers approximately 1.1 square miles and features a mix of residential neighborhoods, parks, and local businesses. Maywood boasts a rich history, founded in the late 19th century, and has maintained a charming, suburban character. The town is known for its well-maintained parks, such as Maywood Park, which provides recreational facilities and green spaces for residents. Its proximity to major highways and public transport options, including train services to New York City, makes Maywood an attractive place for commuters seeking a quieter lifestyle outside the bustling city. The borough is served by its own school district, offering quality educational options for families. Culturally, Maywood reflects the diversity of the region, featuring various eateries, shops, and community events that celebrate its multicultural heritage. Overall, Maywood embodies a blend of suburban tranquility and urban convenience.

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