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These days, finding an affordable place to live in the 07405 area can be challenging. Home prices in 07405 are now at a median cost of $549,386, higher than the New Jersey average of $388,929.
The average cost of rent is $1,782/mo in 07405, primarily driven by the current value of real estate in the 07405 area. While nearly 32.39% of residents own their homes outright in 07405, 14.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07405 is $12,842 per month. Households that rent pay about 13.87% of their income on rent here. 07405's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 07403, NJ: less expensive homes
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- 07082, NJ: equally priced homes
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- 07035, NJ: less expensive homes
- 07045, NJ: higher priced homes
Zip Codes with Similar Populations
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