05/26/2026
Let’s talk affordability 🏡
The average family in NJ earns only 85% of what’s needed to qualify for a mortgage on a median-priced home.
In real estate terms, that means NJ’s affordability index sits at 85/100.
➡️ 100/100 = the average family can afford the average home.
➡️ Below 100 = affordability becomes more challenging.
The good news? This metric changes daily and can give you a real-time pulse on what affordability looks like in your market.
Understanding the numbers = making smarter buying decisions. 📈