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These days, finding an affordable place to live in the 07504 area can be challenging. Home prices in 07504 are now at a median cost of $397,988, lower than the New Jersey average of $496,577.
The average cost of rent is $1,603/mo in 07504, primarily driven by the current value of real estate in the 07504 area. In 07504, 59.53% of households rent, and 36.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07504 is $6,467 per month. Households that rent pay about 24.79% of their income on rent here. 07504’s most expensive areas are in the southwestern 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
- 07513, NJ: equally priced homes
- 07514, NJ: less expensive homes
- 07501, NJ: less expensive homes
- 07503, NJ: less expensive homes
- 07407, NJ: higher priced homes
- 07524, NJ: equally priced homes
- 07505, NJ: equally priced homes
- 07522, NJ: less expensive homes
- 07410, NJ: higher priced homes
- 07011, NJ: equally priced homes
Zip Codes with Similar Populations
- 89508, NV: higher priced homes
- 61866, IL: less expensive homes
- 15668, PA: less expensive homes
- 59047, MT: higher priced homes
- 33873, FL: less expensive homes
- 00688, PR: less expensive homes
- 36078, AL: less expensive homes
- 44041, OH: less expensive homes
- 45152, OH: less expensive homes
- 46184, IN: less expensive homes
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