Expensive
Affordable
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These days, finding an affordable place to live in the 07079 area can be challenging. Home prices in 07079 are now at a median cost of $795,297, higher than the New Jersey average of $496,577.
The average cost of rent is $2,284/mo in 07079, primarily driven by the current value of real estate in the 07079 area. In 07079, 34.72% of households rent, and 29.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07079 is $15,814 per month. Households that rent pay about 14.45% of their income on rent here. 07079’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern 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
- 07106, NJ: less expensive homes
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Zip Codes with Similar Populations
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- 44278, OH: less expensive homes
- 46703, IN: less expensive homes
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