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These days, finding an affordable place to live in the 07304 area can be challenging. Home prices in 07304 are now at a median cost of $558,121, higher than the New Jersey average of $496,577.
The average cost of rent is $1,680/mo in 07304, primarily driven by the current value of real estate in the 07304 area. In 07304, 74.60% of households rent, and 35.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07304 is $6,085 per month. Households that rent pay about 27.62% of their income on rent here. 07304’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern 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
- 07306, NJ: equally priced homes
- 07305, NJ: less expensive homes
- 07302, NJ: higher priced homes
- 07311, NJ: higher priced homes
- 07310, NJ: higher priced homes
- 07307, NJ: equally priced homes
- 07030, NJ: higher priced homes
- 10280, NY: higher priced homes
- 10282, NY: higher priced homes
- 10281, NY: higher priced homes
Zip Codes with Similar Populations
- 95762, CA: higher priced homes
- 49424, MI: less expensive homes
- 00727, PR: less expensive homes
- 33615, FL: less expensive homes
- 85249, AZ: higher priced homes
- 73072, OK: less expensive homes
- 73034, OK: less expensive homes
- 30034, GA: less expensive homes
- 29588, SC: less expensive homes
- 27360, NC: less expensive homes
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