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Affordable
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These days, finding an affordable place to live in the 07086 area can be challenging. Home prices in 07086 are now at a median cost of $876,333, higher than the New Jersey average of $496,577.
The average cost of rent is $2,442/mo in 07086, primarily driven by the current value of real estate in the 07086 area. In 07086, 69.50% of households rent, and 36.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07086 is $12,187 per month. Households that rent pay about 20.04% of their income on rent here. 07086’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern 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
- 07087, NJ: less expensive homes
- 07093, NJ: less expensive homes
- 10036, NY: higher priced homes
- 07047, NJ: less expensive homes
- 10069, NY: higher priced homes
- 10018, NY: higher priced homes
- 10019, NY: higher priced homes
- 07030, NJ: equally priced homes
- 10001, NY: equally priced homes
- 10023, NY: higher priced homes
Zip Codes with Similar Populations
- 58401, ND: less expensive homes
- 00773, PR: less expensive homes
- 00772, PR: less expensive homes
- 48820, MI: less expensive homes
- 48879, MI: less expensive homes
- 53158, WI: less expensive homes
- 55376, MN: less expensive homes
- 56501, MN: less expensive homes
- 60304, IL: less expensive homes
- 64116, MO: less expensive homes
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