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Affordable
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These days, finding an affordable place to live in the 07417 area can be challenging. Home prices in 07417 are now at a median cost of $1,234,809, higher than the New Jersey average of $496,577.
The average cost of rent is $3,216/mo in 07417, primarily driven by the current value of real estate in the 07417 area. In 07417, 11.15% of households rent, and 31.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07417 is $18,441 per month. Households that rent pay about 17.44% of their income on rent here. 07417’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern 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
- 07436, NJ: less expensive homes
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Zip Codes with Similar Populations
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