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Affordable
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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 $350,229, lower than the New Jersey average of $496,577.
The average cost of rent is $1,580/mo in 07501, primarily driven by the current value of real estate in the 07501 area. In 07501, 84.49% of households rent, and 42.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07501 is $4,405 per month. Households that rent pay about 35.87% of their income on rent here. 07501’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
- 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: higher 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: higher priced homes
- 33619, FL: less expensive homes
- 37076, TN: higher 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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