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Affordable
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These days, finding an affordable place to live in the 07074 area can be challenging. Home prices in 07074 are now at a median cost of $324,711, lower than the New Jersey average of $496,577.
The average cost of rent is $1,464/mo in 07074, primarily driven by the current value of real estate in the 07074 area. In 07074, 22.81% of households rent, and 55.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07074 is $7,492 per month. Households that rent pay about 19.55% of their income on rent here. 07074’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern 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
- 07643, NJ: higher priced homes
- 07608, NJ: higher priced homes
- 07606, NJ: higher priced homes
- 07075, NJ: higher priced homes
- 07072, NJ: higher priced homes
- 07604, NJ: higher priced homes
- 07660, NJ: higher priced homes
- 07073, NJ: higher priced homes
- 07057, NJ: higher priced homes
- 07603, NJ: higher priced homes
Zip Codes with Similar Populations
- 29438, SC: higher priced homes
- 04756, ME: less expensive homes
- 81432, CO: higher priced homes
- 76470, TX: less expensive homes
- 40370, KY: less expensive homes
- 85542, AZ: less expensive homes
- 87937, NM: less expensive homes
- 04287, ME: less expensive homes
- 12531, NY: higher priced homes
- 75833, TX: less expensive homes
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