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Affordable
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These days, finding an affordable place to live in the 07029 area can be challenging. Home prices in 07029 are now at a median cost of $530,522, higher than the New Jersey average of $496,577.
The average cost of rent is $2,133/mo in 07029, primarily driven by the current value of real estate in the 07029 area. In 07029, 78.24% of households rent, and 41.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07029 is $7,916 per month. Households that rent pay about 26.95% of their income on rent here. 07029’s most expensive areas are in the southeastern 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
- 07032, NJ: less expensive homes
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- 07031, NJ: equally priced homes
Zip Codes with Similar Populations
- 28461, NC: equally priced homes
- 06437, CT: equally priced homes
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- 11692, NY: higher priced homes
- 10703, NY: less expensive homes
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