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These days, finding an affordable place to live in the 07109 area can be challenging. Home prices in 07109 are now at a median cost of $413,172, lower than the New Jersey average of $496,577.
The average cost of rent is $1,658/mo in 07109, primarily driven by the current value of real estate in the 07109 area. In 07109, 44.39% of households rent, and 38.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07109 is $7,792 per month. Households that rent pay about 21.28% of their income on rent here. 07109’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern 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
- 07003, NJ: higher priced homes
- 07031, NJ: higher priced homes
- 07110, NJ: higher priced homes
- 07104, NJ: equally priced homes
- 07032, NJ: higher priced homes
- 07028, NJ: higher priced homes
- 07071, NJ: higher priced homes
- 07107, NJ: equally priced homes
- 07017, NJ: equally priced homes
- 07042, NJ: higher priced homes
Zip Codes with Similar Populations
- 24153, VA: less expensive homes
- 37086, TN: less expensive homes
- 40245, KY: equally priced homes
- 36330, AL: less expensive homes
- 35226, AL: equally priced homes
- 34698, FL: equally priced homes
- 90020, CA: higher priced homes
- 91326, CA: higher priced homes
- 33134, FL: higher priced homes
- 30046, GA: less expensive homes
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