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These days, finding an affordable place to live in the 07023 area can be challenging. Home prices in 07023 are now at a median cost of $637,885, higher than the New Jersey average of $496,577.
The average cost of rent is $2,520/mo in 07023, primarily driven by the current value of real estate in the 07023 area. In 07023, 15.10% of households rent, and 30.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07023 is $15,870 per month. Households that rent pay about 15.88% of their income on rent here. 07023’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern 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
- 07076, NJ: higher priced homes
- 07062, NJ: less expensive homes
- 07090, NJ: higher priced homes
- 07060, NJ: less expensive homes
- 07092, NJ: higher priced homes
- 07069, NJ: higher priced homes
- 07027, NJ: less expensive homes
- 07922, NJ: higher priced homes
- 07063, NJ: less expensive homes
- 07974, NJ: higher priced homes
Zip Codes with Similar Populations
- 00690, PR: less expensive homes
- 29376, SC: less expensive homes
- 35474, AL: less expensive homes
- 35953, AL: less expensive homes
- 36856, AL: less expensive homes
- 14011, NY: less expensive homes
- 13340, NY: less expensive homes
- 37033, TN: less expensive homes
- 37820, TN: less expensive homes
- 48616, MI: less expensive homes
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