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These days, finding an affordable place to live in the 07087 area can be challenging. Home prices in 07087 are now at a median cost of $507,943, higher than the New Jersey average of $496,577.
The average cost of rent is $1,541/mo in 07087, primarily driven by the current value of real estate in the 07087 area. In 07087, 81.08% of households rent, and 44.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07087 is $5,702 per month. Households that rent pay about 27.03% of their income on rent here. 07087’s most expensive areas are in the western 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
- 07086, NJ: higher priced homes
- 07030, NJ: higher priced homes
- 07307, NJ: higher priced homes
- 07093, NJ: equally priced homes
- 07047, NJ: equally priced homes
- 10036, NY: higher priced homes
- 07094, NJ: equally priced homes
- 10018, NY: higher priced homes
- 10001, NY: higher priced homes
- 10069, NY: higher priced homes
Zip Codes with Similar Populations
- 95020, CA: higher priced homes
- 07305, NJ: less expensive homes
- 23322, VA: equally priced homes
- 34711, FL: less expensive homes
- 92882, CA: higher priced homes
- 75068, TX: less expensive homes
- 46307, IN: less expensive homes
- 30062, GA: equally priced homes
- 28078, NC: equally priced homes
- 10023, NY: higher priced homes
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