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These days, finding an affordable place to live in the 07440 area can be challenging. Home prices in 07440 are now at a median cost of $582,076, higher than the New Jersey average of $496,577.
The average cost of rent is $1,538/mo in 07440, primarily driven by the current value of real estate in the 07440 area. In 07440, 9.93% of households rent, and 36.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07440 is $11,913 per month. Households that rent pay about 12.91% of their income on rent here. 07440’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern 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
- 07444, NJ: equally priced homes
- 07035, NJ: less expensive homes
- 07470, NJ: equally priced homes
- 07082, NJ: higher priced homes
- 07457, NJ: less expensive homes
- 07442, NJ: less expensive homes
- 07004, NJ: higher priced homes
- 07045, NJ: higher priced homes
- 07405, NJ: equally priced homes
- 07403, NJ: less expensive homes
Zip Codes with Similar Populations
- 29372, SC: less expensive homes
- 24095, VA: less expensive homes
- 80642, CO: equally priced homes
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- 35586, AL: less expensive homes
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- 36445, AL: less expensive homes
- 28351, NC: less expensive homes
- 28318, NC: less expensive homes
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