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These days, finding an affordable place to live in the 07050 area can be challenging. Home prices in 07050 are now at a median cost of $348,963, lower than the New Jersey average of $496,577.
The average cost of rent is $1,571/mo in 07050, primarily driven by the current value of real estate in the 07050 area. In 07050, 74.65% of households rent, and 44.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07050 is $5,199 per month. Households that rent pay about 30.21% of their income on rent here. 07050’s most expensive areas are in the southwestern 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
- 07018, NJ: equally priced homes
- 07017, NJ: higher priced homes
- 07052, NJ: higher priced homes
- 07106, NJ: equally priced homes
- 07079, NJ: higher priced homes
- 07107, NJ: equally priced homes
- 07028, NJ: higher priced homes
- 07103, NJ: equally priced homes
- 07111, NJ: equally priced homes
- 07042, NJ: higher priced homes
Zip Codes with Similar Populations
- 95476, CA: higher priced homes
- 33611, FL: higher priced homes
- 32773, FL: equally priced homes
- 33326, FL: higher priced homes
- 21225, MD: less expensive homes
- 22405, VA: higher priced homes
- 54729, WI: less expensive homes
- 63901, MO: less expensive homes
- 72032, AR: less expensive homes
- 76020, TX: equally priced homes
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