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Affordable
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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 $379,280, lower than the New Jersey average of $496,577.
The average cost of rent is $1,497/mo in 07112, primarily driven by the current value of real estate in the 07112 area. In 07112, 70.81% of households rent, and 35.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07112 is $5,769 per month. Households that rent pay about 25.95% of their income on rent here. 07112’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
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