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These days, finding an affordable place to live in the 07057 area can be challenging. Home prices in 07057 are now at a median cost of $532,225, higher than the New Jersey average of $496,577.
The average cost of rent is $1,691/mo in 07057, primarily driven by the current value of real estate in the 07057 area. In 07057, 62.46% of households rent, and 54.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07057 is $7,267 per month. Households that rent pay about 23.27% of their income on rent here. 07057’s most expensive areas are in the central regions, while the cheapest areas are in the eastern 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
- 07075, NJ: equally priced homes
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- 07072, NJ: higher priced homes
- 07070, NJ: higher priced homes
- 07026, NJ: less expensive homes
- 07604, NJ: equally priced homes
- 07014, NJ: equally priced homes
- 07644, NJ: equally priced homes
- 07011, NJ: less expensive homes
Zip Codes with Similar Populations
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- 70754, LA: less expensive homes
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