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These days, finding an affordable place to live in the 07606 area can be challenging. Home prices in 07606 are now at a median cost of $548,761, higher than the New Jersey average of $496,577.
The average cost of rent is $1,950/mo in 07606, primarily driven by the current value of real estate in the 07606 area. In 07606, 54.09% of households rent, and 38.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07606 is $6,634 per month. Households that rent pay about 29.39% of their income on rent here. 07606’s most expensive areas are in the southeastern 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
- 07608, NJ: less expensive homes
- 07643, NJ: less expensive homes
- 07603, NJ: equally priced homes
- 07660, NJ: equally priced homes
- 07604, NJ: equally priced homes
- 07074, NJ: less expensive homes
- 07601, NJ: less expensive homes
- 07644, NJ: less expensive homes
- 07075, NJ: equally priced homes
- 07666, NJ: equally priced homes
Zip Codes with Similar Populations
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- 74342, OK: less expensive homes
- 49252, MI: less expensive homes
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