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Affordable
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These days, finding an affordable place to live in the 07505 area can be challenging. Home prices in 07505 are now at a median cost of $412,421, lower than the New Jersey average of $496,577.
The average cost of rent is $1,207/mo in 07505, primarily driven by the current value of real estate in the 07505 area. In 07505, 97.85% of households rent, and 88.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07505 is $2,447 per month. Households that rent pay about 49.32% of their income on rent here. 07505’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
- 07501, NJ: less expensive homes
- 07522, NJ: less expensive homes
- 07502, NJ: less expensive homes
- 07513, NJ: equally priced homes
- 07524, NJ: equally priced homes
- 07504, NJ: equally priced homes
- 07514, NJ: less expensive homes
- 07503, NJ: less expensive homes
- 07508, NJ: higher priced homes
- 07512, NJ: higher priced homes
Zip Codes with Similar Populations
- 32759, FL: less expensive homes
- 72662, AR: less expensive homes
- 40347, KY: less expensive homes
- 75568, TX: less expensive homes
- 55001, MN: higher priced homes
- 27053, NC: less expensive homes
- 54174, WI: less expensive homes
- 54177, WI: less expensive homes
- 48822, MI: less expensive homes
- 45882, OH: less expensive homes
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