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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 $233,721, lower than the New Jersey average of $388,929.
The average cost of rent is $1,101/mo in 07108, primarily driven by the current value of real estate in the 07108 area. While nearly 39.39% of residents own their homes outright in 07108, 81.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07108 is $2,745 per month. Households that rent pay about 40.09% of their income on rent here. 07108's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 07112, NJ: higher priced homes
- 07103, NJ: equally priced homes
- 07114, NJ: higher priced homes
- 07102, NJ: higher priced homes
- 07111, NJ: equally priced homes
- 07106, NJ: equally priced homes
- 07205, NJ: higher priced homes
- 07018, NJ: equally priced homes
- 07105, NJ: higher priced homes
- 07107, NJ: higher priced homes
Zip Codes with Similar Populations
- 10308, NY: higher priced homes
- 37379, TN: less expensive homes
- 32958, FL: equally priced homes
- 15146, PA: less expensive homes
- 37355, TN: less expensive homes
- 74501, OK: less expensive homes
- 55014, MN: higher priced homes
- 34606, FL: less expensive homes
- 98107, WA: higher priced homes
- 34785, FL: less expensive homes
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