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These days, finding an affordable place to live in the 07054 area can be challenging. Home prices in 07054 are now at a median cost of $532,131, higher than the New Jersey average of $388,929.
The average cost of rent is $2,114/mo in 07054, primarily driven by the current value of real estate in the 07054 area. While nearly 30.18% of residents own their homes outright in 07054, 40.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07054 is $10,115 per month. Households that rent pay about 20.90% of their income on rent here. 07054's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 07034, NJ: less expensive homes
- 07046, NJ: higher priced homes
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- 07878, NJ: less expensive homes
- 07927, NJ: equally priced homes
- 07045, NJ: higher priced homes
- 07950, NJ: equally priced homes
- 07936, NJ: higher priced homes
Zip Codes with Similar Populations
- 02131, MA: equally priced homes
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- 01821, MA: less expensive homes
- 91792, CA: equally priced homes
- 68135, NE: less expensive homes
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