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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 $268,653, lower than the New Jersey average of $388,929.
The average cost of rent is $1,279/mo in 07050, primarily driven by the current value of real estate in the 07050 area. While nearly 43.62% of residents own their homes outright in 07050, 76.39% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07050 is $4,365 per month. Households that rent pay about 29.30% of their income on rent here. 07050's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 07018, NJ: less expensive homes
- 07017, NJ: equally priced homes
- 07052, NJ: higher priced homes
- 07106, NJ: less expensive homes
- 07079, NJ: higher priced homes
- 07107, NJ: equally priced homes
- 07028, NJ: higher priced homes
- 07103, NJ: less expensive homes
- 07111, NJ: less expensive homes
- 07042, NJ: higher priced homes
Zip Codes with Similar Populations
- 95476, CA: higher priced homes
- 33611, FL: higher priced homes
- 32773, FL: less expensive 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: less expensive homes
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