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These days, finding an affordable place to live in the 07306 area can be challenging. Home prices in 07306 are now at a median cost of $573,817, higher than the New Jersey average of $496,577.
The average cost of rent is $1,694/mo in 07306, primarily driven by the current value of real estate in the 07306 area. In 07306, 76.01% of households rent, and 47.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07306 is $6,579 per month. Households that rent pay about 25.74% of their income on rent here. 07306’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern 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: equally priced homes
- 07307, NJ: equally priced homes
- 07302, NJ: higher priced homes
- 07310, NJ: higher priced homes
- 07311, NJ: higher priced homes
- 07030, NJ: higher priced homes
- 07305, NJ: less expensive homes
- 10282, NY: higher priced homes
- 10280, NY: higher priced homes
- 07087, NJ: less expensive homes
Zip Codes with Similar Populations
- 78852, TX: less expensive homes
- 96744, HI: higher priced homes
- 43015, OH: less expensive homes
- 95023, CA: higher priced homes
- 85008, AZ: less expensive homes
- 29730, SC: less expensive homes
- 80022, CO: less expensive homes
- 78223, TX: less expensive homes
- 77469, TX: less expensive homes
- 77015, TX: less expensive homes
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