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Affordable
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These days, finding an affordable place to live in the 07438 area can be challenging. Home prices in 07438 are now at a median cost of $437,559, lower than the New Jersey average of $496,577.
The average cost of rent is $1,528/mo in 07438, primarily driven by the current value of real estate in the 07438 area. In 07438, 13.21% of households rent, and 29.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07438 is $10,780 per month. Households that rent pay about 14.18% of their income on rent here. 07438’s most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern 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
- 07435, NJ: higher priced homes
- 07460, NJ: less expensive homes
- 07842, NJ: equally priced homes
- 07439, NJ: less expensive homes
- 07871, NJ: higher priced homes
- 07849, NJ: equally priced homes
- 07416, NJ: less expensive homes
- 07866, NJ: equally priced homes
- 07405, NJ: higher priced homes
- 07480, NJ: less expensive homes
Zip Codes with Similar Populations
- 59870, MT: higher priced homes
- 02061, MA: higher priced homes
- 61080, IL: less expensive homes
- 76657, TX: less expensive homes
- 90248, CA: higher priced homes
- 91024, CA: higher priced homes
- 96708, HI: higher priced homes
- 08512, NJ: higher priced homes
- 08226, NJ: higher priced homes
- 97138, OR: higher priced homes
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