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These days, finding an affordable place to live in the 07307 area can be challenging. Home prices in 07307 are now at a median cost of $491,577, higher than the New Jersey average of $388,929.
The average cost of rent is $1,523/mo in 07307, primarily driven by the current value of real estate in the 07307 area. While nearly 36.04% of residents own their homes outright in 07307, 65.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07307 is $5,808 per month. Households that rent pay about 26.22% of their income on rent here. 07307's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 07030, NJ: higher priced homes
- 07306, NJ: less expensive homes
- 07310, NJ: higher priced homes
- 07087, NJ: less expensive homes
- 07302, NJ: higher priced homes
- 07311, NJ: higher priced homes
- 07086, NJ: higher priced homes
- 07304, NJ: less expensive homes
- 10014, NY: higher priced homes
- 10011, NY: higher priced homes
Zip Codes with Similar Populations
- 63026, MO: less expensive homes
- 54703, WI: less expensive homes
- 32092, FL: less expensive homes
- 94561, CA: equally priced homes
- 60047, IL: equally priced homes
- 94605, CA: higher priced homes
- 30294, GA: less expensive homes
- 30076, GA: less expensive homes
- 94804, CA: equally priced homes
- 60615, IL: less expensive homes
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