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These days, finding an affordable place to live in the 07012 area can be challenging. Home prices in 07012 are now at a median cost of $534,909, higher than the New Jersey average of $496,577.
The average cost of rent is $1,845/mo in 07012, primarily driven by the current value of real estate in the 07012 area. In 07012, 38.43% of households rent, and 46.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07012 is $10,927 per month. Households that rent pay about 16.89% of their income on rent here. 07012’s most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern 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
- 07014, NJ: equally priced homes
- 07013, NJ: equally priced homes
- 07055, NJ: less expensive homes
- 07110, NJ: equally priced homes
- 07043, NJ: higher priced homes
- 07011, NJ: less expensive homes
- 07057, NJ: equally priced homes
- 07070, NJ: higher priced homes
- 07073, NJ: less expensive homes
- 07503, NJ: less expensive homes
Zip Codes with Similar Populations
- 02364, MA: higher priced homes
- 04605, ME: less expensive homes
- 15668, PA: less expensive homes
- 37772, TN: less expensive homes
- 35650, AL: less expensive homes
- 46163, IN: less expensive homes
- 29061, SC: less expensive homes
- 28460, NC: less expensive homes
- 60088, IL: less expensive homes
- 61764, IL: less expensive homes
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