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These days, finding an affordable place to live in the 07305 area can be challenging. Home prices in 07305 are now at a median cost of $455,917, lower than the New Jersey average of $496,577.
The average cost of rent is $1,781/mo in 07305, primarily driven by the current value of real estate in the 07305 area. In 07305, 60.77% of households rent, and 36.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07305 is $7,177 per month. Households that rent pay about 24.81% of their income on rent here. 07305’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern 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
- 07304, NJ: higher priced homes
- 07306, NJ: higher priced homes
- 07302, NJ: higher priced homes
- 07002, NJ: equally priced homes
- 07311, NJ: higher priced homes
- 07310, NJ: higher priced homes
- 07105, NJ: higher priced homes
- 07307, NJ: higher priced homes
- 10280, NY: higher priced homes
- 10281, NY: higher priced homes
Zip Codes with Similar Populations
- 07087, NJ: higher priced homes
- 95020, CA: higher priced homes
- 23322, VA: equally priced homes
- 32218, FL: less expensive homes
- 94513, CA: higher priced homes
- 92882, CA: higher priced homes
- 75068, TX: equally priced homes
- 46307, IN: less expensive homes
- 10023, NY: higher priced homes
- 34711, FL: equally priced homes
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