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These days, finding an affordable place to live in the 07508 area can be challenging. Home prices in 07508 are now at a median cost of $370,770, lower than the New Jersey average of $388,929.
The average cost of rent is $1,512/mo in 07508, primarily driven by the current value of real estate in the 07508 area. While nearly 33.25% of residents own their homes outright in 07508, 32.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07508 is $7,681 per month. Households that rent pay about 19.68% of their income on rent here. 07508's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 07522, NJ: less expensive homes
- 07506, NJ: higher priced homes
- 07524, NJ: less expensive homes
- 07502, NJ: less expensive homes
- 07505, NJ: less expensive homes
- 07501, NJ: less expensive homes
- 07514, NJ: less expensive homes
- 07504, NJ: less expensive homes
- 07513, NJ: less expensive homes
- 07452, NJ: higher priced homes
Zip Codes with Similar Populations
- 60439, IL: higher priced homes
- 72301, AR: less expensive homes
- 34212, FL: equally priced homes
- 20659, MD: equally priced homes
- 43113, OH: less expensive homes
- 33598, FL: less expensive homes
- 48168, MI: higher priced homes
- 90068, CA: higher priced homes
- 41005, KY: less expensive homes
- 55427, MN: less expensive homes
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