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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 $519,743, higher than the New Jersey average of $388,929.
The average cost of rent is $1,629/mo in 07005, primarily driven by the current value of real estate in the 07005 area. While nearly 34.92% of residents own their homes outright in 07005, 26.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07005 is $9,915 per month. Households that rent pay about 16.43% of their income on rent here. 07005's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the zip.
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: equally 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
- 99218, WA: less expensive homes
- 06385, CT: less expensive homes
- 42754, KY: less expensive homes
- 39051, MS: less expensive homes
- 71923, AR: less expensive homes
- 29388, SC: less expensive homes
- 32669, FL: less expensive homes
- 33412, FL: less expensive homes
- 71753, AR: less expensive homes
- 34134, FL: higher priced homes
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