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These days, finding an affordable place to live in the 07103 area can be challenging. Home prices in 07103 are now at a median cost of $358,564, lower than the New Jersey average of $496,577.
The average cost of rent is $1,461/mo in 07103, primarily driven by the current value of real estate in the 07103 area. In 07103, 75.19% of households rent, and 34.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07103 is $4,938 per month. Households that rent pay about 29.59% of their income on rent here. 07103’s most expensive areas are in the central regions, while the cheapest areas are in the southern 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
- 07108, NJ: higher priced homes
- 07102, NJ: higher priced homes
- 07107, NJ: equally priced homes
- 07018, NJ: equally priced homes
- 07114, NJ: higher priced homes
- 07106, NJ: equally priced homes
- 07112, NJ: equally priced homes
- 07111, NJ: equally priced homes
- 07029, NJ: higher priced homes
- 07017, NJ: higher priced homes
Zip Codes with Similar Populations
- 38116, TN: less expensive homes
- 37115, TN: less expensive homes
- 32780, FL: less expensive homes
- 89521, NV: higher priced homes
- 75069, TX: higher priced homes
- 11249, NY: higher priced homes
- 70570, LA: less expensive homes
- 63701, MO: less expensive homes
- 36608, AL: less expensive homes
- 60107, IL: less expensive homes
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