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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 $396,882, higher than the New Jersey average of $388,929.
The average cost of rent is $1,331/mo in 07087, primarily driven by the current value of real estate in the 07087 area. While nearly 40.47% of residents own their homes outright in 07087, 80.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07087 is $4,818 per month. Households that rent pay about 27.62% of their income on rent here. 07087's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the zip.
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: higher 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: less expensive homes
- 10023, NY: higher priced homes
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