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These days, finding an affordable place to live in the 07107 area can be challenging. Home prices in 07107 are now at a median cost of $378,912, lower than the New Jersey average of $496,577.
The average cost of rent is $1,426/mo in 07107, primarily driven by the current value of real estate in the 07107 area. In 07107, 70.37% of households rent, and 31.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07107 is $4,893 per month. Households that rent pay about 29.14% of their income on rent here. 07107’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern 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
- 07104, NJ: equally priced homes
- 07017, NJ: equally priced homes
- 07103, NJ: equally priced homes
- 07018, NJ: equally priced homes
- 07029, NJ: higher priced homes
- 07102, NJ: higher priced homes
- 07032, NJ: higher priced homes
- 07050, NJ: equally priced homes
- 07109, NJ: higher priced homes
- 07108, NJ: equally priced homes
Zip Codes with Similar Populations
- 92037, CA: higher priced homes
- 34759, FL: less expensive homes
- 01085, MA: less expensive homes
- 95835, CA: higher priced homes
- 70058, LA: less expensive homes
- 42240, KY: less expensive homes
- 46385, IN: less expensive homes
- 73012, OK: equally priced homes
- 01420, MA: less expensive homes
- 77365, TX: less expensive homes
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