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These days, finding an affordable place to live in the 07424 area can be challenging. Home prices in 07424 are now at a median cost of $489,872, lower than the New Jersey average of $496,577.
The average cost of rent is $1,908/mo in 07424, primarily driven by the current value of real estate in the 07424 area. In 07424, 32.93% of households rent, and 37.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07424 is $9,171 per month. Households that rent pay about 20.80% of their income on rent here. 07424’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern 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
- 07512, NJ: higher priced homes
- 07013, NJ: equally priced homes
- 07009, NJ: higher priced homes
- 07502, NJ: less expensive homes
- 07043, NJ: higher priced homes
- 07503, NJ: less expensive homes
- 07505, NJ: less expensive homes
- 07501, NJ: less expensive homes
- 07522, NJ: less expensive homes
- 07513, NJ: less expensive homes
Zip Codes with Similar Populations
- 02050, MA: higher priced homes
- 94803, CA: higher priced homes
- 07450, NJ: higher priced homes
- 93960, CA: higher priced homes
- 11429, NY: higher priced homes
- 12533, NY: equally priced homes
- 77545, TX: less expensive homes
- 22043, VA: higher priced homes
- 28083, NC: less expensive homes
- 28658, NC: less expensive homes
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