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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 $589,347, higher than the New Jersey average of $496,577.
The average cost of rent is $1,957/mo in 07054, primarily driven by the current value of real estate in the 07054 area. In 07054, 47.74% of households rent, and 37.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07054 is $11,032 per month. Households that rent pay about 17.74% of their income on rent here. 07054’s most expensive areas are in the southeastern 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
- 07034, NJ: less expensive homes
- 07046, NJ: higher priced homes
- 07981, NJ: equally priced homes
- 07058, NJ: equally priced homes
- 07005, NJ: equally priced homes
- 07878, NJ: less expensive homes
- 07927, NJ: higher priced homes
- 07045, NJ: higher priced homes
- 07950, NJ: equally priced homes
- 07936, NJ: higher priced homes
Zip Codes with Similar Populations
- 02131, MA: higher priced homes
- 40004, KY: less expensive homes
- 32221, FL: less expensive homes
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- 28031, NC: higher priced homes
- 27534, NC: less expensive homes
- 01821, MA: equally priced homes
- 91792, CA: higher priced homes
- 68135, NE: less expensive homes
- 68107, NE: less expensive homes
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