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These days, finding an affordable place to live in the 07203 area can be challenging. Home prices in 07203 are now at a median cost of $252,091, lower than the New Jersey average of $388,929.
The average cost of rent is $1,217/mo in 07203, primarily driven by the current value of real estate in the 07203 area. While nearly 22.85% of residents own their homes outright in 07203, 41.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07203 is $6,130 per month. Households that rent pay about 19.85% of their income on rent here. 07203's most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 07204, NJ: higher priced homes
- 07036, NJ: higher priced homes
- 07202, NJ: higher priced homes
- 07016, NJ: higher priced homes
- 07033, NJ: higher priced homes
- 07208, NJ: higher priced homes
- 07083, NJ: higher priced homes
- 07201, NJ: higher priced homes
- 07065, NJ: equally priced homes
- 07027, NJ: higher priced homes
Zip Codes with Similar Populations
- 77551, TX: higher priced homes
- 33935, FL: less expensive homes
- 47331, IN: less expensive homes
- 19348, PA: higher priced homes
- 53143, WI: less expensive homes
- 70706, LA: less expensive homes
- 70124, LA: higher priced homes
- 25526, WV: less expensive homes
- 60491, IL: higher priced homes
- 99004, WA: higher priced homes
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