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These days, finding an affordable place to live in the 07605 area can be challenging. Home prices in 07605 are now at a median cost of $627,199, higher than the New Jersey average of $496,577.
The average cost of rent is $2,397/mo in 07605, primarily driven by the current value of real estate in the 07605 area. In 07605, 30.27% of households rent, and 37.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07605 is $11,041 per month. Households that rent pay about 21.71% of their income on rent here. 07605’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern 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
- 07024, NJ: less expensive homes
- 07650, NJ: higher priced homes
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- 07632, NJ: higher priced homes
- 07631, NJ: equally priced homes
- 07603, NJ: less expensive homes
- 07657, NJ: equally priced homes
- 07666, NJ: equally priced homes
- 07020, NJ: higher priced homes
- 07010, NJ: equally priced homes
Zip Codes with Similar Populations
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- 81201, CO: equally priced homes
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- 01952, MA: less expensive homes
- 93926, CA: higher priced homes
- 33194, FL: less expensive homes
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