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Affordable
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These days, finding an affordable place to live in the 07021 area can be challenging. Home prices in 07021 are now at a median cost of $1,207,012, higher than the New Jersey average of $496,577.
The average cost of rent is $3,501/mo in 07021, primarily driven by the current value of real estate in the 07021 area. In 07021, 3.59% of households rent, and 26.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07021 is $20,524 per month. Households that rent pay about 17.06% of their income on rent here. 07021’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern 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
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Zip Codes with Similar Populations
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- 52756, IA: less expensive homes
- 48851, MI: less expensive homes
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