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These days, finding an affordable place to live in the 07108 area can be challenging. Home prices in 07108 are now at a median cost of $404,865, lower than the New Jersey average of $496,577.
The average cost of rent is $1,271/mo in 07108, primarily driven by the current value of real estate in the 07108 area. In 07108, 81.81% of households rent, and 30.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07108 is $4,087 per month. Households that rent pay about 31.09% of their income on rent here. 07108’s most expensive areas are in the northeastern 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
- 07112, NJ: equally priced homes
- 07103, NJ: less expensive homes
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- 07205, NJ: equally priced homes
- 07018, NJ: less expensive homes
- 07105, NJ: higher priced homes
- 07107, NJ: equally priced homes
Zip Codes with Similar Populations
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- 98107, WA: higher priced homes
- 34785, FL: equally priced homes
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