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These days, finding an affordable place to live in the 07003 area can be challenging. Home prices in 07003 are now at a median cost of $351,330, lower than the New Jersey average of $388,929.
The average cost of rent is $1,663/mo in 07003, primarily driven by the current value of real estate in the 07003 area. While nearly 31.07% of residents own their homes outright in 07003, 49.98% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07003 is $7,595 per month. Households that rent pay about 21.89% of their income on rent here. 07003's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 07028, NJ: higher priced homes
- 07109, NJ: less expensive homes
- 07042, NJ: higher priced homes
- 07110, NJ: higher priced homes
- 07017, NJ: less expensive homes
- 07104, NJ: less expensive homes
- 07107, NJ: less expensive homes
- 07031, NJ: equally priced homes
- 07043, NJ: higher priced homes
- 07050, NJ: less expensive homes
Zip Codes with Similar Populations
- 98023, WA: higher priced homes
- 29229, SC: less expensive homes
- 95037, CA: higher priced homes
- 77511, TX: less expensive homes
- 78155, TX: less expensive homes
- 37087, TN: less expensive homes
- 40601, KY: less expensive homes
- 48187, MI: less expensive homes
- 29223, SC: less expensive homes
- 48439, MI: less expensive homes
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