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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 $242,324, lower than the New Jersey average of $388,929.
The average cost of rent is $1,355/mo in 07018, primarily driven by the current value of real estate in the 07018 area. While nearly 36.51% of residents own their homes outright in 07018, 71.64% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07018 is $5,007 per month. Households that rent pay about 27.07% of their income on rent here. 07018's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 07017, NJ: equally priced homes
- 07050, NJ: higher 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: equally 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: equally priced 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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