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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 $229,764, lower than the New Jersey average of $388,929.
The average cost of rent is $1,125/mo in 07103, primarily driven by the current value of real estate in the 07103 area. While nearly 32.18% of residents own their homes outright in 07103, 74.96% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07103 is $3,520 per month. Households that rent pay about 31.95% of their income on rent here. 07103's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 07108, NJ: equally priced homes
- 07102, NJ: higher priced homes
- 07107, NJ: higher priced homes
- 07018, NJ: equally priced homes
- 07114, NJ: higher priced homes
- 07106, NJ: equally priced homes
- 07112, NJ: higher 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: equally priced 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: equally priced homes
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