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These days, finding an affordable place to live in the 07503 area can be challenging. Home prices in 07503 are now at a median cost of $258,216, lower than the New Jersey average of $388,929.
The average cost of rent is $1,427/mo in 07503, primarily driven by the current value of real estate in the 07503 area. While nearly 38.34% of residents own their homes outright in 07503, 69.29% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07503 is $5,350 per month. Households that rent pay about 26.67% of their income on rent here. 07503's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 07513, NJ: higher priced homes
- 07504, NJ: higher priced homes
- 07501, NJ: equally priced homes
- 07011, NJ: higher priced homes
- 07505, NJ: higher priced homes
- 07013, NJ: higher priced homes
- 07514, NJ: equally priced homes
- 07407, NJ: higher priced homes
- 07522, NJ: less expensive homes
- 07524, NJ: equally priced homes
Zip Codes with Similar Populations
- 93927, CA: higher priced homes
- 78584, TX: less expensive homes
- 08077, NJ: higher priced homes
- 14420, NY: less expensive homes
- 39194, MS: less expensive homes
- 38555, TN: less expensive homes
- 85607, AZ: less expensive homes
- 37745, TN: less expensive homes
- 46135, IN: less expensive homes
- 22311, VA: higher priced homes
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