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These days, finding an affordable place to live in the 07018 area can be challenging. Home prices in 07018 are now at a median cost of $346,798, lower than the New Jersey average of $496,577.
The average cost of rent is $1,519/mo in 07018, primarily driven by the current value of real estate in the 07018 area. In 07018, 72.63% of households rent, and 42.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07018 is $6,006 per month. Households that rent pay about 25.29% of their income on rent here. 07018’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
- 07017, NJ: higher priced homes
- 07050, NJ: equally priced homes
- 07106, NJ: equally priced homes
- 07107, NJ: higher priced homes
- 07103, NJ: equally priced homes
- 07079, NJ: higher priced homes
- 07111, NJ: equally priced homes
- 07108, NJ: higher priced homes
- 07104, NJ: higher priced homes
- 07102, NJ: higher priced homes
Zip Codes with Similar Populations
- 48446, MI: less expensive homes
- 53217, WI: higher priced homes
- 70461, LA: less expensive homes
- 22202, VA: higher priced homes
- 72601, AR: less expensive homes
- 27012, NC: equally priced homes
- 52761, IA: less expensive homes
- 44312, OH: less expensive homes
- 55021, MN: less expensive homes
- 55421, MN: less expensive homes
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