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These days, finding an affordable place to live in the 07662 area can be challenging. Home prices in 07662 are now at a median cost of $521,734, higher than the New Jersey average of $496,577.
The average cost of rent is $1,936/mo in 07662, primarily driven by the current value of real estate in the 07662 area. In 07662, 22.12% of households rent, and 33.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07662 is $9,336 per month. Households that rent pay about 20.74% of their income on rent here. 07662’s most expensive areas are in the southern regions, while the cheapest areas are in the western 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
- 07663, NJ: equally priced homes
- 07607, NJ: equally priced homes
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- 07644, NJ: equally priced homes
- 07407, NJ: less expensive homes
- 07026, NJ: equally priced homes
- 07661, NJ: higher priced homes
- 07410, NJ: higher priced homes
- 07652, NJ: higher priced homes
- 07604, NJ: equally priced homes
Zip Codes with Similar Populations
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- 73448, OK: less expensive homes
- 27349, NC: less expensive homes
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