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Affordable
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These days, finding an affordable place to live in the 07514 area can be challenging. Home prices in 07514 are now at a median cost of $355,451, lower than the New Jersey average of $496,577.
The average cost of rent is $1,537/mo in 07514, primarily driven by the current value of real estate in the 07514 area. In 07514, 65.18% of households rent, and 33.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07514 is $6,394 per month. Households that rent pay about 24.04% of their income on rent here. 07514’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern 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
- 07524, NJ: higher priced homes
- 07504, NJ: higher priced homes
- 07513, NJ: equally priced homes
- 07501, NJ: equally priced homes
- 07505, NJ: higher priced homes
- 07410, NJ: higher priced homes
- 07522, NJ: less expensive homes
- 07407, NJ: higher priced homes
- 07503, NJ: equally priced homes
- 07506, NJ: higher priced homes
Zip Codes with Similar Populations
- 00751, PR: less expensive homes
- 76574, TX: less expensive homes
- 70438, LA: less expensive homes
- 29053, SC: less expensive homes
- 28712, NC: higher priced homes
- 85748, AZ: higher priced homes
- 27801, NC: less expensive homes
- 47834, IN: less expensive homes
- 20187, VA: higher priced homes
- 14468, NY: less expensive homes
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