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These days, finding an affordable place to live in the 07020 area can be challenging. Home prices in 07020 are now at a median cost of $707,523, higher than the New Jersey average of $496,577.
The average cost of rent is $2,662/mo in 07020, primarily driven by the current value of real estate in the 07020 area. In 07020, 52.38% of households rent, and 41.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07020 is $11,296 per month. Households that rent pay about 23.57% of their income on rent here. 07020’s most expensive areas are in the western 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
- 07010, NJ: less expensive homes
- 07022, NJ: less expensive homes
- 07657, NJ: equally priced homes
- 10031, NY: equally priced homes
- 10027, NY: higher priced homes
- 07650, NJ: equally priced homes
- 07024, NJ: less expensive homes
- 10030, NY: equally priced homes
- 10025, NY: higher priced homes
- 10026, NY: higher priced homes
Zip Codes with Similar Populations
- 06483, CT: less expensive homes
- 07031, NJ: less expensive homes
- 07481, NJ: higher priced homes
- 10549, NY: equally priced homes
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- 00660, PR: less expensive homes
- 33146, FL: higher priced homes
- 39562, MS: less expensive homes
- 46040, IN: less expensive homes
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