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Affordable
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These days, finding an affordable place to live in the 07011 area can be challenging. Home prices in 07011 are now at a median cost of $427,869, lower than the New Jersey average of $496,577.
The average cost of rent is $1,741/mo in 07011, primarily driven by the current value of real estate in the 07011 area. In 07011, 52.46% of households rent, and 37.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07011 is $6,950 per month. Households that rent pay about 25.04% of their income on rent here. 07011’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern 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
- 07503, NJ: less expensive homes
- 07055, NJ: equally priced homes
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- 07407, NJ: higher priced homes
- 07012, NJ: higher priced homes
- 07504, NJ: equally priced homes
- 07057, NJ: higher priced homes
- 07501, NJ: less expensive homes
Zip Codes with Similar Populations
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- 20785, MD: less expensive homes
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