Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 07416 area can be challenging. Home prices in 07416 are now at a median cost of $202,638, lower than the New Jersey average of $388,929.
The average cost of rent is $1,233/mo in 07416, primarily driven by the current value of real estate in the 07416 area. While nearly 44.48% of residents own their homes outright in 07416, 28.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07416 is $6,887 per month. Households that rent pay about 17.90% of their income on rent here. 07416's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 07419, NJ: higher priced homes
- 07439, NJ: higher priced homes
- 07460, NJ: higher priced homes
- 07848, NJ: higher priced homes
- 07822, NJ: higher priced homes
- 07462, NJ: equally priced homes
- 07871, NJ: higher priced homes
- 07438, NJ: higher priced homes
- 07461, NJ: higher priced homes
- 07422, NJ: higher priced homes
Zip Codes with Similar Populations
- 60942, IL: less expensive homes
- 97913, OR: higher priced homes
- 97467, OR: less expensive homes
- 01773, MA: higher priced homes
- 02537, MA: higher priced homes
- 02642, MA: higher priced homes
- 25320, WV: less expensive homes
- 02817, RI: higher priced homes
- 95969, CA: higher priced homes
- 03222, NH: equally priced homes
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