Affordable
Expensive
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These days, finding an affordable place to live in the 07042 area can be challenging. Home prices in 07042 are now at a median cost of $574,034, higher than the New Jersey average of $388,929.
The average cost of rent is $1,947/mo in 07042, primarily driven by the current value of real estate in the 07042 area. While nearly 32.28% of residents own their homes outright in 07042, 42.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07042 is $12,238 per month. Households that rent pay about 15.91% of their income on rent here. 07042's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 07028, NJ: higher priced homes
- 07003, NJ: less expensive homes
- 07044, NJ: less expensive homes
- 07043, NJ: higher priced homes
- 07052, NJ: less expensive homes
- 07009, NJ: equally priced homes
- 07017, NJ: less expensive homes
- 07109, NJ: less expensive homes
- 07110, NJ: less expensive homes
- 07050, NJ: less expensive homes
Zip Codes with Similar Populations
- 01002, MA: less expensive homes
- 98335, WA: equally priced homes
- 98116, WA: higher priced homes
- 97420, OR: less expensive homes
- 95618, CA: higher priced homes
- 95242, CA: less expensive homes
- 95032, CA: higher priced homes
- 92227, CA: less expensive homes
- 82601, WY: less expensive homes
- 20715, MD: less expensive homes
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