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These days, finding an affordable place to live in the 07006 area can be challenging. Home prices in 07006 are now at a median cost of $694,147, higher than the New Jersey average of $496,577.
The average cost of rent is $2,337/mo in 07006, primarily driven by the current value of real estate in the 07006 area. In 07006, 28.24% of households rent, and 29.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07006 is $12,220 per month. Households that rent pay about 19.13% of their income on rent here. 07006’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern 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
- 07021, NJ: higher priced homes
- 07044, NJ: less expensive homes
- 07068, NJ: equally priced homes
- 07004, NJ: equally priced homes
- 07009, NJ: equally priced homes
- 07058, NJ: less expensive homes
- 07043, NJ: higher priced homes
- 07042, NJ: higher priced homes
- 07424, NJ: less expensive homes
- 07052, NJ: less expensive homes
Zip Codes with Similar Populations
- 00641, PR: less expensive homes
- 70517, LA: less expensive homes
- 34652, FL: less expensive homes
- 29036, SC: less expensive homes
- 27262, NC: less expensive homes
- 95776, CA: less expensive homes
- 11104, NY: less expensive homes
- 08050, NJ: less expensive homes
- 07652, NJ: higher priced homes
- 10075, NY: higher priced homes
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