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Expensive
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These days, finding an affordable place to live in the 07027 area can be challenging. Home prices in 07027 are now at a median cost of $404,506, higher than the New Jersey average of $388,929.
The average cost of rent is $1,629/mo in 07027, primarily driven by the current value of real estate in the 07027 area. While nearly 42.76% of residents own their homes outright in 07027, 44.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07027 is $7,870 per month. Households that rent pay about 20.70% of their income on rent here. 07027's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 07016, NJ: higher priced homes
- 07090, NJ: higher priced homes
- 07066, NJ: higher priced homes
- 07033, NJ: equally priced homes
- 07092, NJ: higher priced homes
- 07076, NJ: higher priced homes
- 07204, NJ: less expensive homes
- 07023, NJ: higher priced homes
- 07203, NJ: less expensive homes
- 07081, NJ: higher priced homes
Zip Codes with Similar Populations
- 25832, WV: less expensive homes
- 13452, NY: less expensive homes
- 48463, MI: less expensive homes
- 04578, ME: less expensive homes
- 99737, AK: less expensive homes
- 61910, IL: less expensive homes
- 61755, IL: less expensive homes
- 55375, MN: less expensive homes
- 36875, AL: less expensive homes
- 29112, SC: less expensive homes
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