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Affordable
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These days, finding an affordable place to live in the 07032 area can be challenging. Home prices in 07032 are now at a median cost of $479,342, lower than the New Jersey average of $496,577.
The average cost of rent is $1,734/mo in 07032, primarily driven by the current value of real estate in the 07032 area. In 07032, 57.11% of households rent, and 49.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07032 is $6,933 per month. Households that rent pay about 25.00% of their income on rent here. 07032’s most expensive areas are in the western 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
- 07104, NJ: less expensive homes
- 07029, NJ: higher priced homes
- 07031, NJ: equally priced homes
- 07107, NJ: less expensive homes
- 07109, NJ: less expensive homes
- 07102, NJ: less expensive homes
- 07105, NJ: equally priced homes
- 07103, NJ: less expensive homes
- 07017, NJ: less expensive homes
- 07071, NJ: equally priced homes
Zip Codes with Similar Populations
- 00778, PR: less expensive homes
- 28273, NC: less expensive homes
- 29466, SC: higher priced homes
- 32724, FL: less expensive homes
- 33076, FL: higher priced homes
- 48170, MI: less expensive homes
- 48183, MI: less expensive homes
- 49442, MI: less expensive homes
- 60103, IL: less expensive homes
- 60115, IL: less expensive homes
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