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These days, finding an affordable place to live in the 07111 area can be challenging. Home prices in 07111 are now at a median cost of $231,858, lower than the New Jersey average of $388,929.
The average cost of rent is $1,180/mo in 07111, primarily driven by the current value of real estate in the 07111 area. While nearly 29.32% of residents own their homes outright in 07111, 67.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07111 is $4,774 per month. Households that rent pay about 24.71% of their income on rent here. 07111's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 07106, NJ: equally priced homes
- 07112, NJ: higher priced homes
- 07108, NJ: equally priced homes
- 07040, NJ: higher priced homes
- 07079, NJ: higher priced homes
- 07205, NJ: higher priced homes
- 07103, NJ: equally priced homes
- 07018, NJ: equally priced homes
- 07088, NJ: higher priced homes
- 07083, NJ: higher priced homes
Zip Codes with Similar Populations
- 90660, CA: higher priced homes
- 60016, IL: equally priced homes
- 60073, IL: less expensive homes
- 22407, VA: higher priced homes
- 75227, TX: less expensive homes
- 37064, TN: higher priced homes
- 92223, CA: higher priced homes
- 06010, CT: less expensive homes
- 02360, MA: higher priced homes
- 92627, CA: higher priced homes
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