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Affordable
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These days, finding an affordable place to live in the 07082 area can be challenging. Home prices in 07082 are now at a median cost of $710,721, higher than the New Jersey average of $496,577.
The average cost of rent is $2,542/mo in 07082, primarily driven by the current value of real estate in the 07082 area. In 07082, 5.95% of households rent, and 43.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07082 is $15,776 per month. Households that rent pay about 16.12% of their income on rent here. 07082’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western 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
- 07045, NJ: equally priced homes
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- 07457, NJ: less expensive homes
Zip Codes with Similar Populations
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- 28782, NC: less expensive homes
- 59833, MT: less expensive homes
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