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These days, finding an affordable place to live in the 07112 area can be challenging. Home prices in 07112 are now at a median cost of $256,346, lower than the New Jersey average of $388,929.
The average cost of rent is $1,267/mo in 07112, primarily driven by the current value of real estate in the 07112 area. While nearly 35.78% of residents own their homes outright in 07112, 70.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07112 is $3,627 per month. Households that rent pay about 34.95% of their income on rent here. 07112's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 07108, NJ: equally priced homes
- 07205, NJ: higher priced homes
- 07111, NJ: less expensive homes
- 07114, NJ: higher priced homes
- 07103, NJ: less expensive homes
- 07106, NJ: equally priced homes
- 07102, NJ: higher priced homes
- 07208, NJ: higher priced homes
- 07201, NJ: higher priced homes
- 07040, NJ: higher priced homes
Zip Codes with Similar Populations
- 32327, FL: less expensive homes
- 32168, FL: equally priced homes
- 55060, MN: less expensive homes
- 60035, IL: higher priced homes
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- 60181, IL: less expensive homes
- 33556, FL: higher priced homes
- 30240, GA: less expensive homes
- 20008, DC: higher priced homes
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