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These days, finding an affordable place to live in the 07055 area can be challenging. Home prices in 07055 are now at a median cost of $321,274, lower than the New Jersey average of $388,929.
The average cost of rent is $1,241/mo in 07055, primarily driven by the current value of real estate in the 07055 area. While nearly 46.39% of residents own their homes outright in 07055, 78.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07055 is $4,524 per month. Households that rent pay about 27.42% of their income on rent here. 07055's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 07057, NJ: higher priced homes
- 07011, NJ: equally priced homes
- 07026, NJ: higher priced homes
- 07012, NJ: higher priced homes
- 07014, NJ: higher priced homes
- 07073, NJ: higher priced homes
- 07075, NJ: higher priced homes
- 07013, NJ: higher priced homes
- 07072, NJ: higher priced homes
- 07070, NJ: higher priced homes
Zip Codes with Similar Populations
- 11211, NY: higher priced homes
- 10463, NY: higher priced homes
- 10977, NY: higher priced homes
- 92021, CA: higher priced homes
- 90255, CA: higher priced homes
- 95687, CA: higher priced homes
- 00949, PR: less expensive homes
- 94509, CA: higher priced homes
- 77346, TX: less expensive homes
- 75211, TX: less expensive homes
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