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These days, finding an affordable place to live in the 07640 area can be challenging. Home prices in 07640 are now at a median cost of $614,381, higher than the New Jersey average of $388,929.
The average cost of rent is $3,188/mo in 07640, primarily driven by the current value of real estate in the 07640 area. While nearly 37.46% of residents own their homes outright in 07640, 2.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in 07640 is $13,767 per month. Households that rent pay about 23.16% of their income on rent here. 07640's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 07648, NJ: equally priced homes
- 07624, NJ: higher priced homes
- 07675, NJ: equally priced homes
- 07647, NJ: less expensive homes
- 07641, NJ: higher priced homes
- 07630, NJ: less expensive homes
- 07627, NJ: higher priced homes
- 10983, NY: less expensive homes
- 07628, NJ: less expensive homes
- 10964, NY: equally priced homes
Zip Codes with Similar Populations
- 54742, WI: less expensive homes
- 29684, SC: less expensive homes
- 32131, FL: less expensive homes
- 32033, FL: less expensive homes
- 31803, GA: less expensive homes
- 31642, GA: less expensive homes
- 31063, GA: less expensive homes
- 30565, GA: less expensive homes
- 30564, GA: less expensive homes
- 61016, IL: less expensive homes
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