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Affordable
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These days, finding an affordable place to live in the 07063 area can be challenging. Home prices in 07063 are now at a median cost of $395,080, lower than the New Jersey average of $496,577.
The average cost of rent is $1,846/mo in 07063, primarily driven by the current value of real estate in the 07063 area. In 07063, 38.36% of households rent, and 23.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07063 is $7,292 per month. Households that rent pay about 25.31% of their income on rent here. 07063’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern 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
- 07060, NJ: equally priced homes
- 08812, NJ: higher priced homes
- 07080, NJ: higher priced homes
- 07069, NJ: higher priced homes
- 07062, NJ: equally priced homes
- 08846, NJ: higher priced homes
- 08854, NJ: higher priced homes
- 07023, NJ: higher priced homes
- 07059, NJ: higher priced homes
- 07076, NJ: higher priced homes
Zip Codes with Similar Populations
- 97218, OR: higher priced homes
- 07446, NJ: higher priced homes
- 91436, CA: higher priced homes
- 78676, TX: higher priced homes
- 33478, FL: higher priced homes
- 78121, TX: equally priced homes
- 13669, NY: less expensive homes
- 75418, TX: less expensive homes
- 55108, MN: equally priced homes
- 28711, NC: equally priced homes
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