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These days, finding an affordable place to live in the 07506 area can be challenging. Home prices in 07506 are now at a median cost of $530,858, higher than the New Jersey average of $496,577.
The average cost of rent is $1,876/mo in 07506, primarily driven by the current value of real estate in the 07506 area. In 07506, 30.95% of households rent, and 32.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07506 is $9,445 per month. Households that rent pay about 19.87% of their income on rent here. 07506’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern 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
- 07508, NJ: less expensive homes
- 07452, NJ: higher priced homes
- 07524, NJ: less expensive homes
- 07514, NJ: less expensive homes
- 07522, NJ: less expensive homes
- 07410, NJ: equally priced homes
- 07505, NJ: less expensive homes
- 07432, NJ: higher priced homes
- 07501, NJ: less expensive homes
- 07450, NJ: higher priced homes
Zip Codes with Similar Populations
- 33140, FL: higher priced homes
- 02818, RI: higher priced homes
- 78382, TX: less expensive homes
- 30153, GA: less expensive homes
- 08110, NJ: less expensive homes
- 90254, CA: higher priced homes
- 85653, AZ: less expensive homes
- 40744, KY: less expensive homes
- 35040, AL: less expensive homes
- 34972, FL: less expensive homes
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