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These days, finding an affordable place to live in the 07047 area can be challenging. Home prices in 07047 are now at a median cost of $483,410, lower than the New Jersey average of $496,577.
The average cost of rent is $1,936/mo in 07047, primarily driven by the current value of real estate in the 07047 area. In 07047, 58.44% of households rent, and 37.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07047 is $7,105 per month. Households that rent pay about 27.24% of their income on rent here. 07047’s most expensive areas are in the eastern regions, while the cheapest areas are in the central 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
- 07093, NJ: equally priced homes
- 07086, NJ: higher priced homes
- 07022, NJ: equally priced homes
- 10069, NY: higher priced homes
- 07087, NJ: equally priced homes
- 10023, NY: higher priced homes
- 10024, NY: higher priced homes
- 10019, NY: higher priced homes
- 07010, NJ: higher priced homes
- 07094, NJ: higher priced homes
Zip Codes with Similar Populations
- 37122, TN: equally priced homes
- 11354, NY: higher priced homes
- 43055, OH: less expensive homes
- 94501, CA: higher priced homes
- 33178, FL: higher priced homes
- 10009, NY: higher priced homes
- 60619, IL: less expensive homes
- 40475, KY: less expensive homes
- 60651, IL: less expensive homes
- 33064, FL: less expensive homes
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