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Affordable
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These days, finding an affordable place to live in the 07401 area can be challenging. Home prices in 07401 are now at a median cost of $786,278, higher than the New Jersey average of $496,577.
The average cost of rent is $3,003/mo in 07401, primarily driven by the current value of real estate in the 07401 area. In 07401, 18.59% of households rent, and 35.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07401 is $15,385 per month. Households that rent pay about 19.52% of their income on rent here. 07401’s most expensive areas are in the northwestern 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
- 07463, NJ: less expensive homes
- 07446, NJ: less expensive homes
- 07458, NJ: higher priced homes
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- 07423, NJ: higher priced homes
- 07481, NJ: higher priced homes
- 07430, NJ: less expensive homes
- 07450, NJ: higher priced homes
- 07677, NJ: higher priced homes
- 07417, NJ: higher priced homes
Zip Codes with Similar Populations
- 08008, NJ: higher priced homes
- 31546, GA: less expensive homes
- 54021, WI: less expensive homes
- 49046, MI: less expensive homes
- 44889, OH: less expensive homes
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- 44081, OH: less expensive homes
- 01566, MA: less expensive homes
- 32435, FL: less expensive homes
- 32066, FL: less expensive homes
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