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These days, finding an affordable place to live in the 07462 area can be challenging. Home prices in 07462 are now at a median cost of $286,595, lower than the New Jersey average of $496,577.
The average cost of rent is $1,954/mo in 07462, primarily driven by the current value of real estate in the 07462 area. In 07462, 15.62% of households rent, and 22.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07462 is $8,989 per month. Households that rent pay about 21.74% of their income on rent here. 07462’s most expensive areas are in the northern regions, while the cheapest areas are in the central 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
- 07422, NJ: higher priced homes
- 07418, NJ: higher priced homes
- 07419, NJ: higher priced homes
- 07461, NJ: higher priced homes
- 07416, NJ: equally priced homes
- 07460, NJ: higher priced homes
- 10969, NY: higher priced homes
- 07421, NJ: higher priced homes
- 07439, NJ: higher priced homes
- 10990, NY: higher priced homes
Zip Codes with Similar Populations
- 38967, MS: less expensive homes
- 62205, IL: less expensive homes
- 60484, IL: less expensive homes
- 60096, IL: less expensive homes
- 56267, MN: less expensive homes
- 53122, WI: higher priced homes
- 51012, IA: less expensive homes
- 49087, MI: higher priced homes
- 46996, IN: less expensive homes
- 44050, OH: equally priced homes
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