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These days, finding an affordable place to live in the 07001 area can be challenging. Home prices in 07001 are now at a median cost of $270,869, lower than the New Jersey average of $388,929.
The average cost of rent is $1,536/mo in 07001, primarily driven by the current value of real estate in the 07001 area. While nearly 30.97% of residents own their homes outright in 07001, 44.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07001 is $6,407 per month. Households that rent pay about 23.98% of their income on rent here. 07001's most expensive areas are in the western regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 07095, NJ: higher priced homes
- 07064, NJ: higher priced homes
- 07065, NJ: equally priced homes
- 07077, NJ: higher priced homes
- 07067, NJ: higher priced homes
- 08830, NJ: higher priced homes
- 07008, NJ: equally priced homes
- 07066, NJ: higher priced homes
- 08863, NJ: higher priced homes
- 07036, NJ: higher priced homes
Zip Codes with Similar Populations
- 63775, MO: less expensive homes
- 55306, MN: equally priced homes
- 77979, TX: less expensive homes
- 25427, WV: less expensive homes
- 30656, GA: less expensive homes
- 75801, TX: less expensive homes
- 75961, TX: less expensive homes
- 49321, MI: less expensive homes
- 66202, KS: less expensive homes
- 77013, TX: less expensive homes
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