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These days, finding an affordable place to live in the 07205 area can be challenging. Home prices in 07205 are now at a median cost of $408,259, lower than the New Jersey average of $496,577.
The average cost of rent is $1,833/mo in 07205, primarily driven by the current value of real estate in the 07205 area. In 07205, 32.75% of households rent, and 31.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07205 is $9,492 per month. Households that rent pay about 19.31% of their income on rent here. 07205’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern 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
- 07112, NJ: equally priced homes
- 07208, NJ: higher priced homes
- 07111, NJ: less expensive homes
- 07083, NJ: higher priced homes
- 07201, NJ: higher priced homes
- 07108, NJ: equally priced homes
- 07114, NJ: equally priced homes
- 07202, NJ: equally priced homes
- 07040, NJ: higher priced homes
- 07204, NJ: higher priced homes
Zip Codes with Similar Populations
- 47546, IN: less expensive homes
- 32713, FL: less expensive homes
- 30512, GA: less expensive homes
- 37865, TN: less expensive homes
- 49707, MI: less expensive homes
- 98199, WA: higher priced homes
- 11762, NY: higher priced homes
- 45331, OH: less expensive homes
- 44484, OH: less expensive homes
- 43160, OH: less expensive homes
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