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These days, finding an affordable place to live in the 07206 area can be challenging. Home prices in 07206 are now at a median cost of $432,286, lower than the New Jersey average of $496,577.
The average cost of rent is $1,743/mo in 07206, primarily driven by the current value of real estate in the 07206 area. In 07206, 75.47% of households rent, and 41.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07206 is $6,072 per month. Households that rent pay about 28.71% of their income on rent here. 07206’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern 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
- 07201, NJ: higher priced homes
- 07202, NJ: equally priced homes
- 07208, NJ: equally priced homes
- 10303, NY: higher priced homes
- 10302, NY: higher priced homes
- 10311, NY: higher priced homes
- 07036, NJ: equally priced homes
- 07205, NJ: equally priced homes
- 07203, NJ: less expensive homes
- 07002, NJ: higher priced homes
Zip Codes with Similar Populations
- 75110, TX: less expensive homes
- 53217, WI: higher priced homes
- 48446, MI: less expensive homes
- 49464, MI: less expensive homes
- 37214, TN: less expensive homes
- 74063, OK: less expensive homes
- 72601, AR: less expensive homes
- 70461, LA: less expensive homes
- 22202, VA: higher priced homes
- 21133, MD: less expensive homes
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