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These days, finding an affordable place to live in the 07072 area can be challenging. Home prices in 07072 are now at a median cost of $481,824, higher than the New Jersey average of $388,929.
The average cost of rent is $1,530/mo in 07072, primarily driven by the current value of real estate in the 07072 area. While nearly 43.85% of residents own their homes outright in 07072, 42.58% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07072 is $8,146 per month. Households that rent pay about 18.79% of their income on rent here. 07072's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 07073, NJ: less expensive homes
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- 07644, NJ: less expensive homes
Zip Codes with Similar Populations
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- 37101, TN: less expensive homes
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