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These days, finding an affordable place to live in the 07502 area can be challenging. Home prices in 07502 are now at a median cost of $274,019, lower than the New Jersey average of $388,929.
The average cost of rent is $1,380/mo in 07502, primarily driven by the current value of real estate in the 07502 area. While nearly 31.93% of residents own their homes outright in 07502, 46.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07502 is $5,986 per month. Households that rent pay about 23.06% of their income on rent here. 07502's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 07522, NJ: less expensive homes
- 07505, NJ: equally priced homes
- 07501, NJ: equally priced homes
- 07512, NJ: higher priced homes
- 07508, NJ: higher priced homes
- 07524, NJ: equally priced homes
- 07513, NJ: equally priced homes
- 07503, NJ: equally priced homes
- 07514, NJ: equally priced homes
- 07424, NJ: higher priced homes
Zip Codes with Similar Populations
- 06470, CT: higher priced homes
- 98136, WA: higher priced homes
- 33704, FL: higher priced homes
- 34224, FL: less expensive homes
- 32351, FL: less expensive homes
- 72364, AR: less expensive homes
- 29334, SC: less expensive homes
- 29078, SC: less expensive homes
- 28714, NC: less expensive homes
- 81601, CO: higher priced homes
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