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These days, finding an affordable place to live in the 07501 area can be challenging. Home prices in 07501 are now at a median cost of $260,037, lower than the New Jersey average of $388,929.
The average cost of rent is $1,217/mo in 07501, primarily driven by the current value of real estate in the 07501 area. While nearly 35.07% of residents own their homes outright in 07501, 84.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07501 is $3,716 per month. Households that rent pay about 32.76% of their income on rent here. 07501's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 07505, NJ: higher priced homes
- 07513, NJ: higher priced homes
- 07522, NJ: less expensive homes
- 07504, NJ: higher priced homes
- 07514, NJ: equally priced homes
- 07503, NJ: equally priced homes
- 07524, NJ: equally priced homes
- 07502, NJ: equally priced homes
- 07508, NJ: higher priced homes
- 07407, NJ: higher priced homes
Zip Codes with Similar Populations
- 55407, MN: equally priced homes
- 22201, VA: higher priced homes
- 27704, NC: less expensive homes
- 29710, SC: equally priced homes
- 33619, FL: less expensive homes
- 37076, TN: equally priced homes
- 38116, TN: less expensive homes
- 11561, NY: higher priced homes
- 48224, MI: less expensive homes
- 77642, TX: less expensive homes
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