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Affordable
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These days, finding an affordable place to live in the 07002 area can be challenging. Home prices in 07002 are now at a median cost of $471,586, lower than the New Jersey average of $496,577.
The average cost of rent is $1,684/mo in 07002, primarily driven by the current value of real estate in the 07002 area. In 07002, 63.79% of households rent, and 40.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07002 is $6,986 per month. Households that rent pay about 24.10% of their income on rent here. 07002’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 10310, NY: higher priced homes
- 10302, NY: higher priced homes
- 10301, NY: higher priced homes
- 07305, NJ: equally priced homes
- 10303, NY: equally priced homes
- 07206, NJ: equally priced homes
- 10304, NY: higher priced homes
- 07304, NJ: higher priced homes
- 07201, NJ: equally priced homes
- 07105, NJ: higher priced homes
Zip Codes with Similar Populations
- 79928, TX: less expensive homes
- 30040, GA: higher priced homes
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- 94536, CA: higher priced homes
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- 63376, MO: less expensive homes
- 60657, IL: higher priced homes
- 91709, CA: higher priced homes
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