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Affordable
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These days, finding an affordable place to live in the 07005 area can be challenging. Home prices in 07005 are now at a median cost of $593,249, higher than the New Jersey average of $496,577.
The average cost of rent is $1,831/mo in 07005, primarily driven by the current value of real estate in the 07005 area. In 07005, 27.81% of households rent, and 34.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07005 is $11,897 per month. Households that rent pay about 15.39% of their income on rent here. 07005’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central 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
- 07046, NJ: higher priced homes
- 07045, NJ: higher priced homes
- 07034, NJ: less expensive homes
- 07054, NJ: equally priced homes
- 07082, NJ: higher priced homes
- 07834, NJ: equally priced homes
- 07878, NJ: less expensive homes
- 07058, NJ: equally priced homes
- 07842, NJ: less expensive homes
- 07866, NJ: less expensive homes
Zip Codes with Similar Populations
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- 32669, FL: less expensive homes
- 33412, FL: higher priced homes
- 71753, AR: less expensive homes
- 34134, FL: higher priced homes
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