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These days, finding an affordable place to live in the 07403 area can be challenging. Home prices in 07403 are now at a median cost of $418,142, lower than the New Jersey average of $496,577.
The average cost of rent is $1,920/mo in 07403, primarily driven by the current value of real estate in the 07403 area. In 07403, 28.50% of households rent, and 28.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07403 is $11,391 per month. Households that rent pay about 16.86% of their income on rent here. 07403’s most expensive areas are in the northern 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
- 07457, NJ: equally priced homes
- 07405, NJ: higher priced homes
- 07420, NJ: less expensive homes
- 07442, NJ: equally priced homes
- 07444, NJ: higher priced homes
- 07465, NJ: equally priced homes
- 07440, NJ: higher priced homes
- 07436, NJ: higher priced homes
- 07480, NJ: equally priced homes
- 07082, NJ: higher priced homes
Zip Codes with Similar Populations
- 52057, IA: less expensive homes
- 80433, CO: higher priced homes
- 14057, NY: less expensive homes
- 67124, KS: less expensive homes
- 65757, MO: less expensive homes
- 62626, IL: less expensive homes
- 61951, IL: less expensive homes
- 20833, MD: higher priced homes
- 23141, VA: equally priced homes
- 58072, ND: less expensive homes
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