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These days, finding an affordable place to live in the 07022 area can be challenging. Home prices in 07022 are now at a median cost of $426,325, higher than the New Jersey average of $388,929.
The average cost of rent is $1,344/mo in 07022, primarily driven by the current value of real estate in the 07022 area. While nearly 41.33% of residents own their homes outright in 07022, 67.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07022 is $4,636 per month. Households that rent pay about 28.98% of their income on rent here. 07022's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 07010, NJ: higher priced homes
- 07657, NJ: equally priced homes
- 07020, NJ: higher priced homes
- 07047, NJ: equally priced homes
- 07650, NJ: higher priced homes
- 07093, NJ: equally priced homes
- 10025, NY: higher priced homes
- 10024, NY: higher priced homes
- 10027, NY: higher priced homes
- 10026, NY: higher priced homes
Zip Codes with Similar Populations
- 89005, NV: less expensive homes
- 33498, FL: higher priced homes
- 82072, WY: less expensive homes
- 39520, MS: less expensive homes
- 39773, MS: less expensive homes
- 28365, NC: less expensive homes
- 53566, WI: less expensive homes
- 27358, NC: less expensive homes
- 16301, PA: less expensive homes
- 16323, PA: less expensive homes
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